U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change For April 0.7% Vs. 0.7% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Monthly Gross Domestic Product (GDP) for the three months ending in April showed a 0.7% change, matching the estimated 0.7% and slightly higher than the previous 0.6%.
June 12, 2024 | 6:09 am
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POSITIVE IMPACT
The U.K. GDP growth of 0.7% for the three months ending in April, which met expectations and was slightly higher than the previous 0.6%, could positively impact the iShares MSCI United Kingdom ETF (EWU).
The U.K. GDP growth meeting expectations and showing a slight improvement from the previous period is a positive economic indicator. This could lead to increased investor confidence in U.K. equities, benefiting the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80