Reported Earlier, Japan Industrial Production (MoM) For November -0.9% Vs. -0.9% Est.; 1.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Industrial Production for November decreased by 0.9%, aligning with estimates and showing a decline from the previous month's 1.3% increase. This could impact ETFs related to Japanese markets.
January 18, 2024 | 5:22 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The JPMorgan BetaBuilders Japan ETF (BBJP), which tracks Japanese equities, may face short-term negative pressure due to the reported decline in Japan's Industrial Production.
As BBJP tracks the performance of Japanese equities, a decline in industrial production suggests a potential slowdown in the industrial sector, which could negatively affect investor sentiment and the ETF's performance in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
WisdomTree Japan Hedged Equity Fund (DXJ) may experience short-term negative impact due to the decrease in Japan's Industrial Production, as it invests in Japanese equities with a currency hedge.
DXJ's focus on hedged Japanese equities means that a decrease in industrial production could lead to bearish sentiment among investors, potentially affecting the fund's short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
iShares MSCI Japan ETF (EWJ), which offers exposure to Japanese stocks, may see a short-term decline due to the reported contraction in Japan's Industrial Production.
EWJ's performance is closely tied to the Japanese economy. The reported decrease in industrial production could lead to negative market sentiment, potentially impacting the ETF's price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80