Reported Earlier, Australia Full Employment Change For August -3.1K Vs. 64.7K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's full employment change for August showed a decrease of 3.1K, a significant drop from the revised prior figure of 64.7K. This data could impact the iShares MSCI Australia ETF (EWA), which tracks the performance of the Australian equity market.
September 19, 2024 | 5:16 am
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The iShares MSCI Australia ETF (EWA) may experience short-term volatility due to the unexpected drop in Australia's employment change for August, which fell by 3.1K compared to the previous 64.7K.
The significant drop in employment change suggests potential economic challenges in Australia, which could negatively impact the performance of Australian equities tracked by EWA.
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