U.K. Gross Domestic Product (MoM) For July 0.0% Vs. 0.2% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Gross Domestic Product (GDP) for July remained flat at 0.0%, missing the estimated growth of 0.2%. This stagnation follows a previous 0.0% growth, indicating potential economic challenges.
September 11, 2024 | 6:06 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience short-term pressure due to the U.K.'s stagnant GDP growth for July, which came in at 0.0%, missing the 0.2% estimate.
EWU, an ETF focused on U.K. equities, is likely to be impacted by the stagnant GDP growth, as it reflects economic challenges that could affect the performance of U.K. companies included in the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80