Reported Earlier, Australia Building Approvals (MoM) For July 10.4% Vs. 10.4% Est.; -6.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's building approvals for July increased by 10.4%, matching estimates and showing a significant recovery from the previous month's decline of 6.4%. This data could impact ETFs with exposure to the Australian market, such as EWA.
September 10, 2024 | 5:43 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see positive movement due to the 10.4% increase in Australia's building approvals for July, which aligns with estimates and marks a recovery from the previous month's decline.
The increase in building approvals suggests a recovery in the Australian construction sector, which could positively impact the performance of EWA, an ETF with exposure to the Australian market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80