U.K. Retail Sales (YoY) For June -0.2% Vs. 0.2% Est.; 1.7% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. retail sales for June decreased by 0.2% year-over-year, missing the estimated increase of 0.2% and down from the revised 1.7% growth in the prior period.
July 19, 2024 | 6:04 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience short-term pressure due to the unexpected decline in U.K. retail sales for June.
The decline in U.K. retail sales suggests weaker consumer spending, which could negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU) in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80