Reported Earlier, U.K. BRC Retail Sales Monitor (YoY) For May 0.4% Vs. 1.2% Est.; -4.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. BRC Retail Sales Monitor for May showed a year-over-year increase of 0.4%, which is below the estimated 1.2% and a significant improvement from the prior -4.4%.
June 04, 2024 | 5:01 am
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NEUTRAL IMPACT
The U.K. BRC Retail Sales Monitor for May showed a year-over-year increase of 0.4%, which is below the estimated 1.2% but an improvement from the prior -4.4%. This could have a mixed impact on the iShares MSCI United Kingdom ETF (EWU).
The U.K. retail sales data is a key economic indicator that can influence the performance of the iShares MSCI United Kingdom ETF (EWU). The lower-than-expected growth may dampen investor sentiment, but the improvement from the previous month could provide some support.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80