U.K. Halifax House Price Index (MoM) For January 1.3% Vs. 0.8% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for January showed a month-on-month increase of 1.3%, surpassing both the estimated 0.8% and the previous month's 1.1%.
February 07, 2024 | 7:13 am
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The rise in the U.K. Halifax House Price Index may indicate a stronger U.K. housing market, potentially benefiting EWU as it tracks U.K. equities.
The U.K. Halifax House Price Index is a significant economic indicator that reflects the health of the housing market. A stronger than expected increase suggests a robust housing market, which can have positive implications for the broader economy and, by extension, the stock market. EWU, which tracks the performance of U.K. equities, may benefit from this positive economic data as it could lead to increased investor confidence in the U.K. market.
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