Reported Earlier, Australia Retail Sales (MoM) 0.9% Vs. -0.3% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's month-on-month retail sales have increased by 0.9%, beating the estimated -0.3% and the prior 0.3%.
November 03, 2023 | 4:59 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may be positively impacted by the increase in Australia's retail sales.
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. An increase in retail sales indicates a stronger economy, which could lead to a rise in the ETF's value.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80