Reported Earlier, Australia Producer Price Index (QoQ) For Q2 1.0% Vs. 1.0% Est.; 0.9% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Producer Price Index (PPI) for Q2 met expectations at 1.0%, slightly higher than the previous quarter's 0.9%.
August 02, 2024 | 6:06 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a neutral to slightly positive impact as Australia's Q2 PPI met expectations at 1.0%, indicating stable producer prices.
The PPI meeting expectations suggests stability in producer prices, which is generally positive for the economy and could lead to a slight uptick in the EWA ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80