U.K. Halifax House Price Index (MoM) For August 0.3% Vs. 0.2% Est.; 0.9% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for August showed a 0.3% increase, surpassing the estimated 0.2% and following a revised 0.9% increase in the prior month.
September 06, 2024 | 6:03 am
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POSITIVE IMPACT
The U.K. Halifax House Price Index for August increased by 0.3%, slightly above expectations. This could positively impact the iShares MSCI United Kingdom ETF (EWU), as it reflects a stable housing market.
The slight increase in the U.K. Halifax House Price Index suggests stability in the U.K. housing market, which could be favorable for EWU as it includes exposure to the U.K. economy. The impact is moderate as housing is just one component of the broader market.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50