Reported Earlier, Australia Full Employment Change For September 51.6K Vs. -5.9K (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's employment change for September showed a significant increase of 51.6K jobs, compared to a revised decrease of 5.9K in the previous period. This positive employment data could impact the iShares MSCI Australia ETF (EWA), which tracks the performance of the Australian equity market.
October 17, 2024 | 4:58 am
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The iShares MSCI Australia ETF (EWA) may see a positive impact due to the strong employment data from Australia, indicating economic recovery.
The significant increase in employment suggests economic strength in Australia, which could lead to improved investor sentiment and potentially higher stock prices for Australian equities. As EWA tracks the Australian market, it is likely to benefit from this positive economic indicator.
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