U.K. Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.0% Prior
Portfolio Pulse from Benzinga Newsdesk
U.K. retail sales for September increased by 0.3%, surpassing the estimated decline of -0.3% and improving from the previous month's 1.0% decrease.
October 18, 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 better-than-expected U.K. retail sales data for September, which indicates a stronger consumer spending environment.
The positive retail sales data suggests a healthier U.K. economy, which could boost investor confidence in U.K. equities, potentially leading to a rise in the EWU ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80