Reported Earlier, Australia Producer Price Index (QoQ) For Q3 1.8% Vs. 0.7% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Producer Price Index (PPI) for Q3 has been reported at 1.8%, significantly higher than the estimated 0.7% and the previous quarter's 0.5%.
October 27, 2023 | 5:06 am
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The iShares MSCI Australia ETF (EWA) could be impacted by the higher than expected PPI in Australia for Q3.
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A higher than expected PPI indicates increased inflation, which could lead to higher interest rates. This could potentially impact the performance of the ETF in the short term.
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IMPORTANCE 70
RELEVANCE 80