Reported Earlier, Australia Full Employment Change For April -6.1K Vs. 26.6K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's full employment change for April reported a decrease of 6.1K, a significant drop from the revised prior figure of 26.6K.
May 16, 2024 | 4:50 am
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NEGATIVE IMPACT
The iShares MSCI Australia ETF (EWA) may experience short-term volatility due to the reported decrease in Australia's full employment change for April.
The significant drop in employment change is likely to impact investor sentiment negatively, leading to potential short-term volatility in EWA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80