Reported Earlier, Australia Full Employment Change For July 60.5K Vs. 45.2K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's full employment change for July was reported at 60.5K, surpassing the revised prior figure of 45.2K. This positive employment data could impact the iShares MSCI Australia ETF (EWA).
August 15, 2024 | 4:53 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a positive impact due to Australia's better-than-expected employment change for July, which came in at 60.5K compared to the revised prior of 45.2K.
The better-than-expected employment data suggests a strengthening Australian economy, which could positively influence the performance of the iShares MSCI Australia ETF (EWA).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80