Reported Earlier, Japan Gross Domestic Product (YoY) Preliminary For Q1 -2.0% Vs. -1.5% Est.; 0.0% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) for Q1 has been reported at -2.0% year-over-year, which is worse than the estimated -1.5%. The previous quarter's GDP was revised to 0.0%. This news could impact ETFs with significant exposure to Japanese markets.
May 16, 2024 | 4:49 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF with significant exposure to Japanese markets, may see a negative impact due to the worse-than-expected GDP report for Q1.
BBJP is directly exposed to the Japanese market, and a worse-than-expected GDP figure suggests economic weakness, which could negatively impact the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF focused on Japanese equities, is likely to experience downward pressure following the disappointing GDP report for Q1.
DXJ's performance is closely tied to the Japanese economy, and the negative GDP report indicates potential economic challenges, likely affecting the ETF negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF with exposure to Japanese stocks, may be negatively impacted by the lower-than-expected GDP growth for Q1.
EWJ's holdings are significantly influenced by the Japanese economy, and the disappointing GDP figures suggest potential economic difficulties, likely affecting the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80