Australia Employment Change For August 64.9K Vs. 23.0K Est.; -1.4K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's employment change for August was 64.9K, significantly higher than the estimated 23.0K. The prior figure was revised to -1.4K.
September 14, 2023 | 4:40 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may be impacted by the significantly higher than expected employment change in Australia for August.
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. The significantly higher than expected employment change in Australia for August indicates a stronger economy, which could lead to positive sentiment and potential growth in the Australian market, thereby potentially impacting EWA positively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80