Reported Earlier Japan Gross Domestic Product Price Index (YoY) For Q1 3.4% Vs. 3.7% Est.; 3.9% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) Price Index for Q1 was reported at 3.4% year-over-year, below the estimated 3.7% and the prior 3.9%.
June 10, 2024 | 5:07 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a short-term impact due to the lower-than-expected GDP Price Index, indicating potential economic slowdown.
The lower-than-expected GDP Price Index suggests a potential economic slowdown in Japan, which could negatively impact Japanese equities and, by extension, BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency exposure to Japanese equities, might experience a short-term decline due to the disappointing GDP Price Index.
The lower GDP Price Index indicates weaker economic performance, which could negatively affect Japanese equities and thus impact DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF tracking Japanese stocks, may be negatively impacted in the short term due to the lower-than-expected GDP Price Index.
The disappointing GDP Price Index suggests a potential economic slowdown, which could negatively impact Japanese stocks and, consequently, EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80