Reported Earlier, Australia Employment Change For June 50.2K Vs. 19.9K Est.; 39.5K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's employment change for June significantly exceeded expectations, with 50.2K jobs added compared to the estimated 19.9K. The previous month's figure was revised to 39.5K.
July 18, 2024 | 4:19 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) is likely to see a positive impact due to Australia's employment change for June significantly exceeding expectations.
The significant increase in employment suggests a stronger Australian economy, which is likely to positively impact the iShares MSCI Australia ETF (EWA).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100