Reported Earlier, Australia Employment Change For February 116.5K Vs. 39.7K Est.; 15.3K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's employment change for February was reported at 116.5K, significantly surpassing the estimated 39.7K and the prior month's revised figure of 15.3K.
March 21, 2024 | 4:57 am
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The iShares MSCI Australia ETF (EWA) may see positive movement due to the stronger-than-expected employment change in Australia for February.
The iShares MSCI Australia ETF (EWA), which tracks the investment results of an index composed of Australian equities, is likely to be positively impacted by the stronger-than-expected employment data from Australia. This is because robust employment figures are indicative of a healthy economy, which can lead to increased consumer spending and potentially higher corporate earnings for companies within the ETF.
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