Reported Earlier, Australia Full Employment Change For November 57.0K Vs. 10.7K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia reported a significant increase in employment change for November, with 57.0K jobs added compared to the revised prior figure of 10.7K. This indicates a stronger job market in Australia.
December 14, 2023 | 5:52 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may experience positive sentiment due to the strong employment report from Australia, indicating a robust economy.
The iShares MSCI Australia ETF (EWA) tracks the investment results of an index composed of Australian equities. A strong employment report is a positive economic indicator, which can lead to increased investor confidence in the Australian market and potentially drive up the demand for EWA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80