Reported Earlier, Australia Trade Balance 10.959B Vs. 10.510B Est.; 11.764B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's trade balance for the reported period was AUD 10.959 billion, exceeding the estimated AUD 10.510 billion but lower than the revised previous figure of AUD 11.764 billion. The iShares MSCI Australia ETF (EWA) may be impacted.
February 05, 2024 | 5:38 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) could see short-term movement due to the latest Australian trade balance figures.
The trade balance is a key economic indicator that can influence investor sentiment towards countries and related ETFs like EWA. Although the surplus is positive, the decrease from the previous period introduces uncertainty, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75