U.K. Core Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Core Retail Sales for September increased by 0.3%, surpassing the estimated -0.3% and showing improvement from the previous 1.1%. This positive data may influence ETFs like EWU, which track the U.K. market.
October 18, 2024 | 6:03 am
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POSITIVE IMPACT
The U.K. Core Retail Sales for September increased by 0.3%, which is better than the expected -0.3%. This positive economic indicator could boost the performance of EWU, an ETF that tracks the U.K. market.
The better-than-expected U.K. Core Retail Sales data suggests a stronger retail sector, which could positively impact EWU as it reflects the U.K. market's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80