U.K. Halifax House Price Index (MoM) For November 0.5% Vs. 0.3% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for November showed a monthly increase of 0.5%, surpassing the estimated 0.3% and the prior month's 1.1%.
December 07, 2023 | 7:01 am
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The U.K. Halifax House Price Index's rise could suggest a resilient housing market, potentially impacting the iShares MSCI United Kingdom ETF (EWU) positively in the short term.
The Halifax House Price Index is a leading indicator of the health of the housing market, which is a significant component of the economy. A stronger than expected increase suggests economic resilience, which could lead to investor optimism about U.K.-focused assets like EWU. However, the impact may be moderated by other economic factors and global market conditions.
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