Reported Earlier, Australia Trade Balance For August 5.644B Vs. 5.510B Est.; 5.636B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's trade balance for August was reported at 5.644 billion, slightly above the estimated 5.510 billion and the revised prior figure of 5.636 billion. This indicates a stronger than expected trade performance for the country.
October 03, 2024 | 4:35 am
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POSITIVE IMPACT
The iShares MSCI Australia ETF (EWA) may see a positive impact due to Australia's stronger than expected trade balance for August, which suggests a robust economic performance.
EWA, an ETF that tracks Australian equities, is likely to be positively impacted by the stronger than expected trade balance. This suggests a healthy economic environment in Australia, which could boost investor confidence in Australian stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80