U.K. Nationwide HPI (MoM) For August -0.2% Vs. 0.2% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index (HPI) for August showed a decline of 0.2% month-over-month, missing the estimated increase of 0.2% and down from the previous month's 0.3% rise.
August 30, 2024 | 6:21 am
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NEGATIVE IMPACT
The U.K. Nationwide HPI decline may impact EWU, an ETF that tracks U.K. equities, as it reflects potential economic challenges in the U.K. housing market.
The decline in the U.K. Nationwide HPI suggests potential economic challenges in the U.K. housing market, which could affect investor sentiment towards U.K. equities tracked by EWU.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50