U.K. Gross Domestic Product (QoQ) For Q4 -0.3% Vs. -0.3% Est.; -0.,1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s Gross Domestic Product (GDP) for the fourth quarter (Q4) contracted by 0.3%, aligning with estimates and showing a decline from the previous quarter's -0.1%.
March 28, 2024 | 7:12 am
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NEGATIVE IMPACT
The contraction in the U.K.'s GDP for Q4 may lead to cautious investor sentiment towards assets related to the U.K. economy, including the EWU ETF.
The EWU ETF, which tracks the performance of U.K. equities, is likely to be negatively impacted in the short term due to the reported contraction in the U.K.'s GDP for Q4. This economic indicator suggests a weakening economic environment, which can lead to decreased investor confidence in assets related to the U.K. economy.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80