Reported Late Wednesday, U.K. RICS House Price Balance For September -69% Vs. -63% Est.; -68% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. RICS House Price Balance for September was reported late Wednesday, showing a decrease to -69% compared to the estimated -63% and the prior -68%.
October 12, 2023 | 4:57 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be impacted by the reported decrease in the U.K. RICS House Price Balance for September.
The iShares MSCI United Kingdom ETF (EWU) tracks an index of U.K. companies. A decrease in the U.K. RICS House Price Balance, which is a measure of the health of the U.K. housing market, could indicate a weakening economy, potentially negatively impacting the performance of U.K. companies and, by extension, the EWU ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80