U.K. Halifax House Price Index (YoY) For May 1.5% Vs. 1.2% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for May showed a year-over-year increase of 1.5%, surpassing the estimated 1.2% and the previous month's 1.1%.
June 07, 2024 | 6:04 am
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POSITIVE IMPACT
The U.K. Halifax House Price Index for May increased by 1.5% year-over-year, exceeding expectations and the previous month's figure. This positive data could boost investor confidence in the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. equity market.
The better-than-expected increase in the U.K. Halifax House Price Index suggests a stronger housing market, which can positively impact the overall U.K. economy. This is likely to boost the performance of the iShares MSCI United Kingdom ETF (EWU), as it reflects the health of the U.K. equity market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80