Reported Earlier, Australia Retail Sales (MoM) Preliminary For September 0.9% Vs. 0.3% Est.; 0.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's retail sales for September have been reported at 0.9%, exceeding the estimated 0.3% and the revised prior of 0.3%.
October 30, 2023 | 4:47 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The reported increase in Australia's retail sales for September may positively impact the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. The reported increase in retail sales, which exceeded estimates, indicates a stronger economy and could lead to a positive sentiment among investors, potentially driving up the price of EWA in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80