Reported Earlier, Australia Wage Price Index (QoQ) For Q4 0.9% Vs. 0.9% Est.; 1.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Australia Wage Price Index for Q4 showed a 0.9% increase, matching the estimated 0.9% and showing a decrease from the previous 1.3%.
February 21, 2024 | 5:39 am
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NEUTRAL IMPACT
The Australia Wage Price Index report may have a neutral impact on EWA as the data met expectations, indicating stability in wage growth.
Since the Wage Price Index came in as expected, it suggests a stable economic environment in Australia, which is likely to have a neutral impact on the iShares MSCI Australia ETF (EWA). The ETF, which tracks the investment results of an index composed of Australian equities, may not see significant short-term price movements based on this data alone, as it neither exceeded nor fell short of market expectations.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70