Reported Late Thursday, Australia Retail Sales (MoM) 0.2% Vs. 0.2% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's month-on-month retail sales have been reported at 0.2%, which is in line with estimates but lower than the previous figure of 0.5%.
October 06, 2023 | 4:45 am
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NEGATIVE IMPACT
The reported retail sales figures may impact the iShares MSCI Australia ETF (EWA), as it reflects the performance of the Australian economy.
The iShares MSCI Australia ETF (EWA) is likely to be impacted by the retail sales figures as it is a reflection of the Australian economy. The lower than previous retail sales figures could potentially lead to a negative sentiment among investors, which could put downward pressure on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80