Japan Tertiary Industry Activity Index (MoM) -2.4% Vs. 0.1% Est.; 1.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The Japan Tertiary Industry Activity Index for the month showed a decline of 2.4%, significantly missing the estimated growth of 0.1% and down from the previous month's 1.5% increase.
May 20, 2024 | 4:36 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a short-term decline due to the unexpected drop in Japan's Tertiary Industry Activity Index.
BBJP is directly tied to the performance of Japanese equities, and a significant miss in economic activity metrics can lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency exposure to Japanese equities, might experience a short-term decline following the disappointing Tertiary Industry Activity Index.
DXJ's performance is linked to Japanese equities, and a poor economic indicator like the Tertiary Industry Activity Index can negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the Japanese stock market, is likely to face short-term pressure due to the unexpected decline in Japan's Tertiary Industry Activity Index.
EWJ is directly impacted by the performance of the Japanese stock market, and a significant miss in economic activity metrics can lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80