U.K. Halifax House Price Index (MoM) For July 0.8% Vs. 0.2% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for July showed a 0.8% increase month-over-month, significantly higher than the estimated 0.2% and the prior month's -0.2%.
August 07, 2024 | 6:02 am
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POSITIVE IMPACT
The U.K. Halifax House Price Index for July increased by 0.8% MoM, surpassing the 0.2% estimate and reversing the previous month's decline. This positive data could boost investor confidence in the iShares MSCI United Kingdom ETF (EWU).
The better-than-expected increase in the U.K. Halifax House Price Index suggests a stronger housing market, which could positively influence the broader U.K. economy and, by extension, the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80