Reported Earlier, Japan Gross Domestic Product (GDP) Price Index (YoY) Preliminary For Q1 3.7% vs. 3.3% Est.; 3.9% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's GDP Price Index (YoY) for Q1 came in at 3.7%, surpassing the estimated 3.3% but slightly below the prior 3.9%.
May 16, 2024 | 4:50 am
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POSITIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see positive short-term movement due to Japan's GDP Price Index surpassing estimates.
The better-than-expected GDP Price Index suggests a stronger economic environment in Japan, which could positively impact Japanese equities held by BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF targeting Japanese stocks with currency hedging, might experience positive short-term effects from the higher-than-expected GDP Price Index.
A stronger-than-expected GDP Price Index indicates a healthier Japanese economy, which could favorably impact the performance of DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF that invests in Japanese stocks, is likely to see positive short-term movement due to Japan's GDP Price Index beating estimates.
The higher-than-expected GDP Price Index suggests a robust economic environment in Japan, which could positively influence Japanese equities held by EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80