Reported Earlier, Japan BSI Large Manufacturing Conditions For Q2 -1.0 Vs. -5.2 Est.; -6.7 Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's BSI Large Manufacturing Conditions for Q2 improved to -1.0, better than the estimated -5.2 and the previous -6.7. This indicates a less severe contraction in the manufacturing sector.
June 13, 2024 | 5:21 am
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POSITIVE IMPACT
BBJP, an ETF focused on Japanese equities, is likely to see a positive impact due to the better-than-expected BSI Large Manufacturing Conditions for Q2.
The improvement in Japan's manufacturing conditions suggests a less severe contraction, which is positive for Japanese equities and ETFs like BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF that hedges against currency fluctuations while investing in Japanese equities, is likely to benefit from the improved manufacturing conditions in Japan.
The better-than-expected manufacturing data is a positive indicator for Japanese equities, which should benefit DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF that tracks the Japanese stock market, is likely to see a positive impact from the improved BSI Large Manufacturing Conditions for Q2.
The improvement in Japan's manufacturing conditions is a positive sign for the Japanese stock market, benefiting ETFs like EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80