U.K. Consumer Price Index (YoY) For September 6.7% Vs. 6.6% Est.; 6.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Consumer Price Index (CPI) for September was reported at 6.7%, which is in line with the previous month and slightly above the estimated 6.6%.
October 18, 2023 | 6:01 am
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NEUTRAL IMPACT
The U.K. CPI data, which is slightly above estimates, may have a neutral to slightly positive impact on the iShares MSCI United Kingdom ETF (EWU) as it indicates a stable inflation environment.
The U.K. CPI data is a key economic indicator that can influence the performance of U.K.-related ETFs like EWU. In this case, the CPI data is slightly above estimates, which indicates a stable inflation environment. This could be seen as a positive sign by investors, potentially leading to a neutral to slightly positive impact on EWU in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75