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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POSITIVE IMPACT
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