Reported Earlier, Australia Home Loans (MoM) For July 2.9% Vs. 1.0% Est.; 1.0% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's home loans for July increased by 2.9%, surpassing the estimated 1.0% and the revised prior figure of 1.0%. This unexpected rise could impact ETFs with exposure to the Australian market, such as EWA.
September 06, 2024 | 4:36 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a positive impact due to the unexpected rise in Australia's home loans for July, which increased by 2.9% against an estimate of 1.0%.
The increase in home loans suggests a stronger housing market in Australia, which could positively affect the performance of EWA, an ETF with exposure to the Australian market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80