U.K. Retail Sales (MoM) For November 1.3% Vs. 0.4% Est.; -0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. retail sales for November showed a significant increase of 1.3%, surpassing the estimated 0.4% and rebounding from the previous month's decline of -0.3%.
December 22, 2023 | 7:23 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience positive short-term movement due to better-than-expected U.K. retail sales data for November.
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of U.K. equities. The positive retail sales data suggests a healthier U.K. economy, which could lead to increased investor confidence in U.K.-based assets, potentially benefiting EWU in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80