U.K. Core Retail Sales (YoY) For July 1.4% Vs. 1.4% Est.; -0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. Core Retail Sales for July met expectations with a 1.4% year-over-year increase, matching the estimated 1.4% and improving from the prior -0.8%.
August 16, 2024 | 6:37 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see a positive impact as U.K. Core Retail Sales for July met expectations with a 1.4% YoY increase, improving from the prior -0.8%.
The U.K. Core Retail Sales data meeting expectations and showing improvement from the previous month suggests a stable retail environment, which is likely to positively impact the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80