Reported Late Monday, Japan Adjusted Current Account For August 1.63T Vs. 2.41T Est.; 2.77T Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's adjusted current account for August was reported late Monday at 1.63T, lower than the estimated 2.41T and the prior 2.77T.
October 10, 2023 | 5:07 am
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NEGATIVE IMPACT
Japan's lower than expected current account may impact BBJP, an ETF that tracks the Japanese market.
BBJP, being an ETF that tracks the Japanese market, is likely to be impacted by significant economic indicators such as the current account. The lower than expected figure may lead to a negative sentiment among investors, potentially driving the ETF's price down in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The lower than expected current account in Japan may affect DXJ, an ETF that tracks Japanese equities.
DXJ, an ETF that tracks Japanese equities, is likely to be influenced by major economic indicators such as the current account. The lower than expected figure may create a negative sentiment among investors, potentially driving the ETF's price down in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the Japanese market, may be impacted by Japan's lower than expected current account.
EWJ, being an ETF that tracks the Japanese market, is likely to be impacted by significant economic indicators such as the current account. The lower than expected figure may lead to a negative sentiment among investors, potentially driving the ETF's price down in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80