U.K. Business Investment (QoQ) Preliminary For Q3 -4.2% Vs. -3.5% Est.; 4.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary report for Q3 shows a -4.2% change in U.K. business investment, which is lower than the estimated -3.5% and the prior 4.1%.
November 10, 2023 | 7:01 am
News sentiment analysis
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NEGATIVE IMPACT
The lower than expected U.K. business investment for Q3 may negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the U.K. market. A lower than expected business investment indicates a potential slowdown in the U.K. economy, which could negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100