Reported Earlier, Australia Private New Capital Expenditure (QoQ) For Q2 -2.2% Vs. 0.9% Est.; 1.9% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's private new capital expenditure for Q2 fell by 2.2%, missing the estimated growth of 0.9% and down from a revised 1.9% in the previous quarter. This decline may impact ETFs with exposure to the Australian market, such as EWA.
August 29, 2024 | 4:45 am
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The iShares MSCI Australia ETF (EWA) may be impacted by the reported decline in Australia's Q2 private new capital expenditure, which fell by 2.2% against an expected growth of 0.9%.
EWA, an ETF with exposure to the Australian market, could be negatively impacted by the unexpected decline in private new capital expenditure, as it suggests potential economic slowdown.
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