Reported Earlier, Australia Gross Domestic Product (YoY) For Q4 1.5% Vs. 1.4% Est.; 2.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Gross Domestic Product (GDP) for Q4 showed a year-over-year increase of 1.5%, surpassing the estimated 1.4% but lower than the previous 2.1%.
March 06, 2024 | 5:29 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) may see short-term impact due to Australia's Q4 GDP growth surpassing estimates but showing a decrease from the previous quarter.
While the GDP growth surpassing estimates is positive, the decrease from the previous quarter introduces uncertainty. This mixed outcome may lead to neutral short-term impact on EWA as investors digest the implications for the Australian economy.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75