U.K. Halifax House Price Index (YoY) For June -0.2% Vs. 0.2% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for June showed a year-over-year decline of 0.2%, missing the estimated 0.2% increase and falling from the prior month's -0.1%.
July 05, 2024 | 3:01 pm
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NEGATIVE IMPACT
The U.K. Halifax House Price Index for June showed a year-over-year decline of 0.2%, missing the estimated 0.2% increase and falling from the prior month's -0.1%. This could negatively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects a weakening housing market in the U.K.
The decline in the Halifax House Price Index indicates a weakening housing market in the U.K., which could negatively affect the performance of the iShares MSCI United Kingdom ETF (EWU) as it is exposed to the U.K. economy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80