Australia Home Loans (MoM) 2.6% Vs. 0.0% Est.; -1.9% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's home loans have seen a month-on-month increase of 2.6%, significantly outperforming the estimated 0.0% and the previous month's -1.9%.
October 03, 2023 | 4:54 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may be impacted by the increase in Australia's home loans as it reflects the performance of the Australian economy.
The increase in home loans indicates a positive trend in the Australian economy, which could lead to a rise in the value of EWA. As EWA tracks the performance of the Australian economy, any significant economic indicators, such as home loans, can have a direct impact on its value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75