Reported Earlier, Australia Home Loans (MoM) For August 0.7% Vs. 2.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's home loans for August increased by 0.7%, a decrease from the revised 2.5% in the previous month. This data may impact the iShares MSCI Australia ETF (EWA), which tracks the performance of the Australian equity market.
October 04, 2024 | 4:38 am
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The iShares MSCI Australia ETF (EWA) may be impacted by the slowdown in Australia's home loan growth, which could signal a cooling housing market.
The slowdown in home loan growth from 2.5% to 0.7% suggests a potential cooling in the Australian housing market, which could negatively impact the performance of the iShares MSCI Australia ETF (EWA) as it reflects the broader Australian economy.
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