Reported Earlier, Japan Gross Domestic Product (QoQ) Preliminary For Q1 -0.5% Vs. -0.3% Est.; 0.0% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) for Q1 has been reported at -0.5% quarter-over-quarter, which is worse than the estimated -0.3% and a revision from the prior 0.0%.
May 16, 2024 | 4:49 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a negative impact due to Japan's Q1 GDP contracting by -0.5%, worse than expected.
BBJP is directly tied to Japanese equities, and a worse-than-expected GDP contraction suggests economic weakness, likely leading to a negative short-term impact on the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities while hedging currency risk, may experience a negative impact due to Japan's Q1 GDP contraction.
DXJ's performance is linked to Japanese equities, and a significant GDP contraction indicates economic challenges, likely resulting in a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is likely to be negatively affected by the worse-than-expected Q1 GDP data from Japan.
EWJ is directly impacted by the performance of Japanese stocks, and a disappointing GDP report suggests economic weakness, likely leading to a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80