U.K. Employment Change 3M/3M (MoM) For May 19K Vs. 18K Est.; -140K Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Employment Change for the three months ending in May showed an increase of 19,000 jobs, surpassing the estimated 18,000 and significantly improving from the previous decline of 140,000 jobs.
July 18, 2024 | 6:11 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) is likely to see a positive impact due to the better-than-expected U.K. Employment Change for May, which indicates a recovering job market.
The better-than-expected employment data suggests a recovering U.K. economy, which is likely to boost investor confidence in U.K.-focused ETFs like EWU.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100