U.K. Gross Domestic Product (QoQ) Preliminary For Q3 0.0% Vs. -0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary report for the U.K.'s Gross Domestic Product (GDP) for Q3 shows no growth, coming in at 0.0% compared to the estimated -0.1% and the prior 0.2%.
November 10, 2023 | 7:04 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) could be impacted by the stagnant Q3 GDP growth in the U.K.
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of U.K. equities. As such, it is directly influenced by the economic performance of the U.K. The stagnant Q3 GDP growth could signal a slowing economy, which may negatively impact the performance of U.K. equities and, by extension, the EWU ETF.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100