Reported Earlier, Australia Trade Balance For September 6.786B Vs. 9.400B Est.; 10.161B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's trade balance for September was reported at 6.786B, lower than the estimated 9.400B and the revised prior figure of 10.161B.
November 02, 2023 | 4:33 am
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NEGATIVE IMPACT
The lower than expected trade balance for Australia in September may impact the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A lower than expected trade balance indicates a potential economic slowdown, which could negatively impact the performance of the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100