Reported Earlier, Australia Private New Capital Expenditure (QoQ) For Q1 1.0% Vs. 0.6% Est.; 0.9% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's private new capital expenditure for Q1 increased by 1.0%, surpassing the estimated 0.6% and the revised prior figure of 0.9%.
May 30, 2024 | 4:56 am
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POSITIVE IMPACT
Australia's Q1 private new capital expenditure increased by 1.0%, exceeding expectations and the previous quarter's revised figure. This positive economic indicator could boost investor confidence in the iShares MSCI Australia ETF (EWA).
The better-than-expected increase in capital expenditure is a positive economic indicator, likely to enhance investor sentiment towards Australian equities, benefiting EWA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80