Reported Earlier, Australia Employment Change For July 58.2K Vs. 20.2K Est.; 52.3K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's employment change for July significantly exceeded expectations, with 58.2K jobs added compared to the estimated 20.2K. The prior month's figure was revised to 52.3K.
August 15, 2024 | 4:53 am
News sentiment analysis
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) is likely to see a positive impact due to Australia's employment change for July significantly exceeding expectations.
The significant increase in employment suggests a strengthening Australian economy, which is likely to positively impact the iShares MSCI Australia ETF (EWA).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80