Reported Earlier, Australia Gross Domestic Product (QoQ) For Q4 0.2% Vs. 0.2% Est.; 0.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's GDP growth for Q4 was reported at 0.2%, aligning with estimates and showing a slight decrease from the revised 0.3% growth in the previous quarter.
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 the reported GDP growth aligning with estimates, indicating steady economic conditions.
The GDP growth rate is a crucial economic indicator that can influence investor sentiment towards country-specific ETFs like EWA. Since the reported GDP growth met expectations, it suggests stability in the Australian economy, which could maintain current investor sentiment towards EWA without causing significant price movements in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80