Reported Earlier, Australia Home Loans (MoM) For September 0.1% Vs. 2.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's home loans for September increased by 0.1%, a significant drop from the revised 2.4% in the previous month. This slowdown in home loan growth could impact financial markets and related ETFs.
November 01, 2024 | 4:54 am
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NEGATIVE IMPACT
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.
EWA, an ETF that tracks Australian equities, may see a negative impact due to the slowdown in home loan growth, as it could indicate a cooling housing market, affecting related stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80