U.K. Nationwide HPI (MoM) For October 0.9% Vs. -0.4% Est.; 0.1% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index (HPI) for October has shown a 0.9% increase, significantly outperforming the estimated -0.4% and the revised prior of 0.1%.
November 01, 2023 | 7:01 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be positively impacted by the better-than-expected U.K. Nationwide HPI data for October.
The U.K. Nationwide HPI is a key indicator of the health of the U.K. housing market. A higher-than-expected HPI indicates a strong housing market, which can have positive effects on the overall U.K. economy. As EWU tracks the performance of the U.K. equity market, positive economic indicators like the HPI can lead to an increase in the ETF's value.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75