Reported Earlier, Australia Retail Sales (MoM) 0.3% Vs. 0.3% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Retail Sales for the month showed a growth of 0.3%, aligning with the market expectations but showing a decrease from the previous month's growth of 1.1%. The iShares MSCI Australia ETF (EWA) is directly mentioned in relation to this economic indicator.
April 05, 2024 | 4:10 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) may see short-term movement based on the latest retail sales data from Australia.
The retail sales figure is a key economic indicator that can influence investor sentiment towards markets related to the Australian economy, including the EWA ETF. However, since the data met expectations and represents a slight decrease from the previous month, the immediate impact on EWA might be neutral, reflecting a wait-and-see approach from investors.
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