U.K. Business Investment (QoQ) For Preliminary For Q1 0.9% Vs. 1.9% Est.; 1.4% Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. business investment for Q1 showed a quarter-on-quarter increase of 0.9%, falling short of the estimated 1.9% growth. This represents a slowdown from the prior quarter's 1.4% growth.
May 10, 2024 | 6:07 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience short-term volatility due to lower than expected U.K. business investment growth in Q1.
As EWU tracks the investment results of an index composed of U.K. equities, lower than expected business investment growth in the U.K. could dampen investor sentiment towards U.K. equities, potentially leading to short-term price declines in EWU.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75