U.K. Business Investment (QoQ) For Q3 -3.2% Vs. -4.2% Est.; 1.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. business investment for Q3 has been reported at -3.2%, which is better than the estimated -4.2%, but still a decline from the previous quarter's revised figure of 1.4%.
December 22, 2023 | 7:19 am
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NEUTRAL IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience short-term impact due to the reported decline in U.K. business investment for Q3, which was less severe than expected.
While the reported decline in business investment is a negative indicator for the U.K. economy, the fact that it was not as bad as expected could provide some relief to investors in U.K.-focused funds like EWU. However, as this is just one economic indicator among many, the impact on EWU may be muted and mixed with other market factors.
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