Australia Unemployment Rate For August Unchanged At 3.7%, Matches Estimate
Portfolio Pulse from Benzinga Newsdesk
Australia's unemployment rate for August remained unchanged at 3.7%, matching estimates. This could potentially impact the iShares MSCI Australia ETF (EWA).
September 14, 2023 | 4:42 am
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The unchanged unemployment rate in Australia could potentially impact the iShares MSCI Australia ETF (EWA).
The unemployment rate is a key economic indicator that can influence market sentiment. As EWA tracks the performance of the Australian market, it could be impacted by changes in the country's economic conditions. However, since the unemployment rate remained unchanged and matched estimates, the impact may be neutral in the short term.
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