Reported Earlier, Australia Trade Balance For July 6.009B Vs. 5.050B Est.; 5.425B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's trade balance for July was reported at 6.009 billion AUD, surpassing the estimated 5.050 billion AUD and the revised prior figure of 5.425 billion AUD.
September 05, 2024 | 4:20 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a positive impact due to Australia's trade balance for July exceeding expectations, indicating a stronger Australian economy.
The better-than-expected trade balance suggests a stronger Australian economy, which could positively influence the performance of the iShares MSCI Australia ETF (EWA) as it reflects the economic health of Australia.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80