Reported Earlier, Australia Consumer Price Index (QoQ) For Q3 1.2% Vs. 1.1% Est.; 0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Consumer Price Index (CPI) for Q3 has been reported at 1.2%, beating the estimate of 1.1% and higher than the previous quarter's 0.8%.
October 25, 2023 | 5:18 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may be impacted by the higher than expected Australian CPI for Q3.
The iShares MSCI Australia ETF (EWA) tracks the investment results of an index composed of Australian equities. A higher than expected CPI indicates a stronger economy, which could lead to a positive impact on the Australian stock market and, consequently, on EWA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80