U.K. Consumer Price Index (MoM) For December 0.4% Vs. 0.2% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Consumer Price Index (CPI) for December showed an increase of 0.4%, which was higher than the estimated 0.2% and a reversal from the previous month's decline of 0.2%.
January 17, 2024 | 7:01 am
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NEUTRAL IMPACT
The higher-than-expected U.K. CPI may lead to concerns about inflation, potentially impacting the iShares MSCI United Kingdom ETF (EWU) as it reflects the performance of the U.K. market.
While the CPI data is a key economic indicator, its direct impact on the ETF may be muted in the short term as investors digest the implications for monetary policy and economic growth. The ETF's performance is tied to a broad range of U.K. equities, which may be affected differently by inflationary pressures.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70