Reported Late Monday, Australia Building Approvals (MoM) 7% Vs. 7% Est.; -8.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Building Approvals (MoM) came in at 7%, matching estimates and showing a significant improvement from the previous -8.1%.
October 10, 2023 | 5:08 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) could be impacted by the news of Australia's Building Approvals. The data, which matches estimates, shows a significant recovery from the previous month.
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. Therefore, any significant economic data from Australia, such as the Building Approvals, could influence the ETF's performance. The data shows a significant recovery from the previous month, which could be seen as a positive sign for the Australian economy and, by extension, EWA.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75