U.K. Gross Domestic Product (MoM) For April 0.0% Vs. 0.0% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Gross Domestic Product (GDP) for April remained flat at 0.0%, matching the estimated value and showing no growth compared to the previous month's 0.4% increase.
June 12, 2024 | 6:08 am
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NEUTRAL IMPACT
The U.K. GDP for April remained flat at 0.0%, which may impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the economic performance of the U.K.
The flat GDP growth indicates no economic expansion for April, which could lead to neutral or cautious sentiment among investors in EWU. However, since the GDP met expectations, the immediate impact on EWU's price is likely to be neutral.
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IMPORTANCE 70
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