au Jibun Bank Japan Services Purchasing Managers' Index Preliminary 53.3 Vs. 54.3 Prior
Portfolio Pulse from Benzinga Newsdesk
The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) has reported a preliminary figure of 53.3, down from the prior 54.3.
September 22, 2023 | 4:29 am
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NEGATIVE IMPACT
The decrease in Japan's Services PMI may impact BBJP, an ETF that tracks the performance of Japanese equities.
BBJP tracks the performance of Japanese equities. A decrease in the Services PMI, which is a key economic indicator, could potentially lead to a decrease in the performance of these equities, and thus negatively impact BBJP.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The decrease in Japan's Services PMI may impact DXJ, an ETF that tracks the performance of Japanese equities.
DXJ tracks the performance of Japanese equities. A decrease in the Services PMI, which is a key economic indicator, could potentially lead to a decrease in the performance of these equities, and thus negatively impact DXJ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The decrease in Japan's Services PMI may impact EWJ, an ETF that tracks the performance of Japanese equities.
EWJ tracks the performance of Japanese equities. A decrease in the Services PMI, which is a key economic indicator, could potentially lead to a decrease in the performance of these equities, and thus negatively impact EWJ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80