Reported Earlier, Australia Employment Change For August 47.5K Vs. 26.4K Est.; 48.9K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's employment change for August was reported at 47.5K, surpassing the estimated 26.4K and slightly below the revised prior figure of 48.9K. This positive employment data could impact the iShares MSCI Australia ETF (EWA), which tracks Australian equities.
September 19, 2024 | 5:16 am
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The iShares MSCI Australia ETF (EWA) may see a positive impact due to Australia's employment change for August exceeding expectations, indicating a stronger Australian economy.
The better-than-expected employment data suggests economic strength in Australia, which could lead to increased investor confidence in Australian equities. As EWA tracks these equities, it may experience a positive price movement.
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