Reported Earlier, Australia Consumer Price Index (YoY) For Q3 5.4% Vs. 5.3% Est.; 6% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Consumer Price Index (CPI) for Q3 has been reported at 5.4%, slightly above the estimated 5.3% and below the previous quarter's 6%. The iShares MSCI Australia ETF (EWA) may be impacted by this news.
October 25, 2023 | 5:17 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) could be affected by the reported Q3 CPI in Australia, which came in slightly above estimates but below the previous quarter.
The CPI is a key economic indicator that can influence market sentiment and monetary policy decisions. As EWA tracks the performance of the Australian market, changes in the country's CPI could impact the ETF. However, the impact may be neutral as the CPI is slightly above estimates but lower than the previous quarter.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80