Reported Earlier, Australia Unemployment Rate For September 3.6% Vs. 3.7% Est.; 3.7% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's unemployment rate for September was reported at 3.6%, slightly lower than the estimated 3.7% and the prior rate of 3.7%.
October 19, 2023 | 5:28 am
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The lower than expected unemployment rate in Australia may positively impact the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A lower than expected unemployment rate indicates a healthier economy, which could lead to increased investor confidence and potentially a rise in the ETF's value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75