U.K. Average Earnings Index +Bonus For June 4.5% Vs. 5.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Average Earnings Index including bonuses for June has decreased to 4.5% from the previous 5.7%. This indicates a slowdown in wage growth, which could have implications for the broader economy and financial markets.
August 13, 2024 | 6:03 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be impacted by the slowdown in U.K. wage growth, as indicated by the decrease in the Average Earnings Index including bonuses for June to 4.5% from 5.7%. This could signal potential economic challenges ahead.
The decrease in the U.K. Average Earnings Index including bonuses suggests a slowdown in wage growth, which could lead to reduced consumer spending and potential economic challenges. This may negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80