Reported Earlier, Australia Gross Domestic Product (QoQ) For Q2 0.2% Vs. 0.2% Est.; 0.2% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's GDP for Q2 2023 grew by 0.2%, matching both the estimate and the revised prior quarter's growth. This indicates a stable economic performance for the country.
September 04, 2024 | 5:18 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) may see a neutral impact as Australia's Q2 GDP growth of 0.2% met expectations, indicating stable economic conditions.
The GDP growth rate meeting expectations suggests no surprises in economic performance, which is likely to result in a neutral impact on EWA. The ETF tracks Australian equities, and stable GDP growth supports a steady economic environment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80