Reported Earlier, Australia Retail Sales (MoM) 0.1% Vs. 0.1% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's retail sales for the month showed a 0.1% increase, matching estimates but improving from the previous month's -0.4% decline.
June 04, 2024 | 5:02 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a positive impact as Australia's retail sales increased by 0.1% MoM, matching estimates and improving from the previous -0.4% decline.
The improvement in retail sales from -0.4% to 0.1% suggests a stabilizing consumer market in Australia, which is likely to positively influence the performance of the iShares MSCI Australia ETF (EWA).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80