Reported Earlier, Australia Home Loans (MoM) 1.6% Vs. 2.3% Est.; -0.9% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Home Loans for the month showed a 1.6% increase, falling short of the estimated 2.3% growth. This is an improvement from the previous month's revised figure of -0.9%.
April 08, 2024 | 4:27 am
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see short-term impact due to the lower-than-expected growth in Australia's Home Loans, indicating a slower economic recovery.
The iShares MSCI Australia ETF (EWA) is directly influenced by economic indicators from Australia. The lower-than-expected growth in Home Loans suggests a slower economic recovery, which could dampen investor sentiment towards Australian assets, including EWA.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75