Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For October 51.6 Vs. 51.1 Est.; 51.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The au Jibun Bank Japan Services Purchasing Managers' Index for October was reported at 51.6, higher than the estimated 51.1 and the prior figure of 51.1.
November 06, 2023 | 5:05 am
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POSITIVE IMPACT
The higher than expected PMI may positively impact BBJP as it reflects a stronger Japanese economy.
BBJP, which tracks the Japanese market, may see a positive impact as the higher PMI indicates a stronger economy, which can lead to better performance of Japanese stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The higher than expected PMI may positively impact DXJ as it reflects a stronger Japanese economy.
DXJ, which tracks the Japanese market, may see a positive impact as the higher PMI indicates a stronger economy, which can lead to better performance of Japanese stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The higher than expected PMI may positively impact EWJ as it reflects a stronger Japanese economy.
EWJ, which tracks the Japanese market, may see a positive impact as the higher PMI indicates a stronger economy, which can lead to better performance of Japanese stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80