U.K. Average Earnings Index +Bonus For July 4.0% Vs. 4.1% Est.; 4.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Average Earnings Index, including bonuses, for July was reported at 4.0%, slightly below the estimated 4.1% and down from the revised prior figure of 4.6%.
September 10, 2024 | 6:05 am
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The U.K. Average Earnings Index for July came in at 4.0%, below expectations and the previous month's revised figure. This could indicate a slowing in wage growth, potentially impacting the performance of the iShares MSCI United Kingdom ETF (EWU).
The U.K. Average Earnings Index is a key economic indicator that can affect investor sentiment towards U.K. equities. A lower-than-expected figure suggests slower wage growth, which may lead to concerns about consumer spending and economic health, potentially impacting the EWU ETF.
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