Reported Earlier, Australia Home Loans (MoM) For June 0.5% Vs. -1.0% Est.; -1.9% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's home loans for June increased by 0.5%, surpassing the estimated -1.0% and showing improvement from the revised -1.9% in the prior month.
August 02, 2024 | 6:05 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) is likely to see a positive impact as Australia's home loans for June increased by 0.5%, beating expectations and showing improvement from the previous month.
The increase in home loans indicates a stronger housing market in Australia, which can positively impact the performance of the iShares MSCI Australia ETF (EWA) as it reflects the overall economic health of the country.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80