U.K. Claimant Count Change For September 20.4K Vs. 2.3K Est.; -9.0K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. claimant count change for September was significantly higher than estimated, coming in at 20.4K versus the 2.3K estimate. The prior figure was revised to -9.0K.
October 24, 2023 | 6:05 am
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NEGATIVE IMPACT
The higher than expected U.K. claimant count change for September may negatively impact the iShares MSCI United Kingdom ETF (EWU) in the short term.
The U.K. claimant count change is a key economic indicator that can influence investor sentiment towards U.K.-related assets. The higher than expected figure suggests a weaker labor market, which could negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100