Reported Earlier, Australia Trade Balance 11.027B Vs. 11.420B Est.; 10.743B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's trade balance for the reported period was AUD 11.027 billion, slightly below the estimated AUD 11.420 billion but higher than the previous period's revised figure of AUD 10.743 billion.
March 07, 2024 | 5:33 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) may experience slight short-term volatility due to the reported trade balance figures, which were below estimates but showed improvement.
The trade balance is a key economic indicator that can influence investor sentiment towards country-specific ETFs like EWA. Although the figures were below estimates, the improvement from the previous period suggests a positive trend that might mitigate any negative impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75