U.K. Employment Change 3M/3M (MoM) For October 50K Vs. 54K Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. reported an employment change of 50K for October on a 3-month rolling basis, slightly below the prior figure of 54K.
December 12, 2023 | 7:09 am
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NEUTRAL IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience minor short-term impact due to the slight decrease in U.K. employment change.
The employment change is a lagging indicator and a small miss from the prior figure is unlikely to have a significant impact on the ETF. However, as EWU tracks the performance of the U.K. market, any economic indicators can contribute to investor sentiment.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50