Reported Earlier, Australia Private New Capital Expenditure (QoQ) For Q4 0.8% Vs. 0.4% Est.; 0.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's private new capital expenditure for Q4 increased by 0.8%, surpassing the estimated 0.4% and the revised prior of 0.3%. This indicates a stronger than expected economic activity in the private sector.
February 29, 2024 | 5:16 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a positive impact as Australia's Q4 private new capital expenditure outperforms expectations, indicating a stronger economic environment.
The iShares MSCI Australia ETF (EWA) is likely to benefit from the positive economic data as it reflects a stronger than expected economic activity in Australia's private sector, which could lead to increased investor confidence in Australian markets.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80