U.K. Core Retail Sales (MoM) For August 1.1% Vs. 0.5% Est.; 1.0% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Core Retail Sales for August increased by 1.1%, surpassing the estimated 0.5% and the revised prior figure of 1.0%. This indicates a stronger-than-expected retail performance in the U.K. for the month.
September 20, 2024 | 6:03 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may see a positive impact due to the stronger-than-expected U.K. Core Retail Sales for August, which suggests a robust retail sector performance.
The better-than-expected U.K. Core Retail Sales for August suggests a stronger retail sector, which could positively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the performance of U.K. equities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70