U.K. Consumer Price Index (MoM) For August 0.3% Vs. 0.7% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Consumer Price Index (CPI) for August was reported at 0.3%, lower than the estimated 0.7% and a significant increase from the previous -0.4%.
September 20, 2023 | 6:01 am
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NEUTRAL IMPACT
The lower than expected U.K. CPI may impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the performance of the U.K. economy.
The U.K. CPI is a key economic indicator that can influence the performance of the U.K. stock market. As EWU tracks the U.K. stock market, a lower than expected CPI may lead to uncertainty among investors, potentially impacting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80