Reported Earlier, Australia Full Employment Change For September -39.9K Vs. 7.2K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's full employment change for September was reported at -39.9K, compared to the revised prior figure of 7.2K.
October 19, 2023 | 5:28 am
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NEGATIVE IMPACT
The reported decrease in Australia's employment change for September may impact the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A significant decrease in employment change, as reported, could indicate a weakening economy, which may negatively impact the performance of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80