Reported Earlier, Australia Home Loans (MoM) -0.1% Vs. 1.2% Est.; 2.6% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Home Loans (MoM) has reported a decrease of -0.1%, which is lower than the estimated 1.2% and the prior 2.6%.
November 02, 2023 | 4:32 am
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The decrease in Australia's Home Loans (MoM) could potentially impact the performance of the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A decrease in home loans suggests a potential slowdown in the housing market, which could negatively impact the overall economy and, consequently, the performance of EWA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80