Reported Earlier, Australia Gross Domestic Product (YoY) For Q2 1.0% Vs. 1.0% Est.; 1.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's GDP for Q2 grew by 1.0% year-over-year, matching estimates but down from a revised 1.3% in the previous quarter. This economic data could influence the iShares MSCI Australia ETF (EWA), which tracks Australian equities.
September 04, 2024 | 5:18 am
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The iShares MSCI Australia ETF (EWA) may experience short-term volatility as Australia's Q2 GDP growth meets expectations but shows a decline from the previous quarter.
EWA tracks Australian equities, and the GDP data is a key economic indicator. The GDP growth meeting expectations suggests stability, but the decline from the previous quarter could lead to mixed investor sentiment, resulting in potential short-term volatility.
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