U.K. Business Investment (QoQ) For Q2 4.1% Vs. 3.4% Est.; 4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. business investment for Q2 has been reported at 4.1%, exceeding the estimated 3.4% and the revised prior of 4%.
September 29, 2023 | 6:01 am
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POSITIVE IMPACT
The reported higher than expected U.K. business investment for Q2 may positively impact the iShares MSCI United Kingdom ETF (EWU).
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of U.K. equities. Therefore, higher than expected business investment in the U.K. could lead to improved performance of U.K. companies, which in turn may positively impact the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80