U.K. Nationwide HPI (MoM) For October 0.1% Vs. 0.3% Est.; 0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index (HPI) for October showed a 0.1% increase, falling short of the 0.3% estimate and down from the revised 0.6% in the previous month.
November 01, 2024 | 7:03 am
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The U.K. Nationwide HPI for October increased by 0.1%, below expectations. This could impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the economic conditions in the UK.
The lower-than-expected increase in the U.K. Nationwide HPI suggests a potential slowdown in the UK housing market, which could negatively affect the performance of the iShares MSCI United Kingdom ETF (EWU) as it is exposed to the UK economy.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50