Japan Industrial Production (MoM) For April -0.9% Vs. -0.1% Est.; 4.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for April decreased by 0.9% month-over-month, which is significantly worse than the estimated decline of 0.1% and the previous month's increase of 4.4%.
June 14, 2024 | 4:35 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term pressure due to the worse-than-expected industrial production data for April.
BBJP is directly impacted by the economic performance of Japan. The worse-than-expected industrial production data suggests potential economic weakness, which could negatively affect Japanese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency risk while investing in Japanese equities, might experience short-term negative impact due to the disappointing industrial production figures.
DXJ's performance is tied to Japanese equities, and the poor industrial production data indicates potential economic challenges, which could weigh on the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is likely to face short-term downward pressure due to the unexpected decline in industrial production.
EWJ is directly linked to the performance of Japanese stocks. The worse-than-expected industrial production data suggests economic weakness, which could negatively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80