U.K. Nationwide HPI (YoY) For July 2.1% Vs. 1.8% Est.; 1.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index (HPI) for July increased by 2.1% year-over-year, surpassing the estimated 1.8% and the prior 1.5%.
August 01, 2024 | 6:04 am
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POSITIVE IMPACT
The U.K. Nationwide House Price Index (HPI) for July increased by 2.1% year-over-year, surpassing the estimated 1.8% and the prior 1.5%. This positive data could boost investor confidence in the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. equity market.
The better-than-expected HPI data indicates a stronger housing market in the U.K., which could positively impact the overall economy and, by extension, the performance of the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80