U.K. Nationwide HPI (MoM) For July 0.3% Vs. 0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index (HPI) for July increased by 0.3% month-over-month, surpassing the estimated 0.1% and the prior 0.2%.
August 01, 2024 | 6:04 am
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POSITIVE IMPACT
The U.K. Nationwide House Price Index (HPI) for July increased by 0.3% month-over-month, surpassing the estimated 0.1% and the prior 0.2%. This positive data could boost investor confidence in the iShares MSCI United Kingdom ETF (EWU).
The better-than-expected increase in the U.K. Nationwide HPI suggests a stronger housing market, which can positively impact the broader U.K. economy. This is likely to boost investor confidence in the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. equity market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80