Reported Earlier, Australia Trimmed Mean Consumer Price Index (QoQ) For Q2 0.8% Vs. 1.0% Est.; 1.0% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Trimmed Mean Consumer Price Index (CPI) for Q2 came in at 0.8% quarter-over-quarter, below the estimated 1.0% and the prior 1.0%.
July 31, 2024 | 4:45 am
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Australia's Q2 Trimmed Mean CPI came in at 0.8% QoQ, below the estimated 1.0% and the prior 1.0%. This could impact the iShares MSCI Australia ETF (EWA) as it reflects the economic conditions in Australia.
The lower-than-expected CPI indicates weaker inflationary pressures in Australia, which could lead to a negative sentiment towards Australian equities. As EWA tracks the performance of the Australian market, it is likely to be impacted.
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IMPORTANCE 70
RELEVANCE 80