Reported Earlier, Australia Consumer Price Index (QoQ) (Q1) 1.0% Vs. 0.8% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Consumer Price Index (CPI) for Q1 showed a 1.0% increase, surpassing both the estimated 0.8% and the previous 0.6% figure. This indicates higher inflation than anticipated.
April 24, 2024 | 4:07 am
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The iShares MSCI Australia ETF (EWA) may experience short-term volatility due to the higher-than-expected CPI figures indicating rising inflation in Australia.
The iShares MSCI Australia ETF (EWA), which tracks the investment results of an index composed of Australian equities, is likely to be impacted by the higher-than-expected CPI figures as they indicate rising inflation. This could lead to volatility in the short term as investors reassess the economic outlook for Australia and its effect on equity markets.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80