U.K. Core Retail Sales (MoM) For May 2.9% Vs. 1.3% Est.; -1.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. Core Retail Sales for May increased by 2.9% month-over-month, significantly surpassing the estimated 1.3% and showing a strong recovery from the revised -1.4% in the previous month.
June 21, 2024 | 6:04 am
News sentiment analysis
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) is likely to see a positive impact due to the stronger-than-expected U.K. Core Retail Sales for May, which indicates a robust recovery in consumer spending.
The significant increase in U.K. Core Retail Sales suggests a recovery in consumer spending, which is a positive indicator for the U.K. economy. This is likely to boost investor sentiment towards the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80