U.K. Retail Sales (MoM) For February 0.0% Vs. -0.4% Est.; 3.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. retail sales for February remained unchanged at 0.0%, outperforming the estimated decline of -0.4%. This follows a revised prior increase of 3.6%.
March 22, 2024 | 7:07 am
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POSITIVE IMPACT
The U.K. retail sales data for February, showing stability against expectations of a decline, may positively influence investor sentiment towards EWU, an ETF tracking U.K. equities.
Given that EWU tracks the performance of U.K. equities, better-than-expected retail sales data suggests a resilient consumer sector, potentially leading to positive sentiment and increased investor interest in EWU in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80