Reported Earlier, Australia Consumer Price Index (YoY) For Q2 3.8% Vs. 3.8% Est.; 3.6% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Consumer Price Index (CPI) for Q2 has been reported at 3.8% year-over-year, matching the estimated 3.8% and up from the prior 3.6%.
July 31, 2024 | 4:44 am
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The iShares MSCI Australia ETF (EWA) may see some movement as Australia's Q2 CPI matches estimates at 3.8%, up from 3.6% prior. This indicates stable inflation, which could impact investor sentiment towards Australian equities.
The CPI data is a key economic indicator that can influence investor sentiment. Since the reported CPI matches estimates, it suggests stability in inflation, which may not lead to significant short-term price movements for EWA.
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