U.K. Retail Sales (YoY) For September -1% Vs. -0.1% Est.; -1.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
UK retail sales for September have come in at -1% year-on-year, worse than the estimated -0.1% and the revised prior figure of -1.3%.
October 20, 2023 | 6:03 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) could be negatively impacted by the worse than expected UK retail sales figures for September.
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the UK equity market. Poor retail sales figures suggest a weaker economy, which could negatively impact the performance of the UK equity market and, by extension, the EWU ETF.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100