U.K. Halifax House Price Index (MoM) For October 1.1% Vs. 0.2% Est.; -0.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for October has increased by 1.1%, surpassing the estimated 0.2% and the revised prior of -0.3%.
November 07, 2023 | 7:01 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be impacted by the increase in the U.K. Halifax House Price Index for October.
The U.K. Halifax House Price Index is a key indicator of the health of the U.K. housing market. A higher than expected increase suggests a strong housing market, which could positively impact the U.K. economy and, by extension, the performance of the iShares MSCI United Kingdom ETF (EWU), which tracks the U.K. market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80