Japan Tertiary Industry Activity Index (MoM) -0.4% Vs. 0.1% Est.; 1.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The Japan Tertiary Industry Activity Index for the month showed a decline of 0.4%, missing the estimated growth of 0.1% and down from the prior month's 1.9% increase. This could impact ETFs with significant exposure to the Japanese market.
July 16, 2024 | 4:32 am
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NEGATIVE IMPACT
BBJP, an ETF with significant exposure to the Japanese market, may see short-term negative impacts due to the unexpected decline in Japan's Tertiary Industry Activity Index.
BBJP is directly exposed to the Japanese market, and the unexpected decline in the Tertiary Industry Activity Index suggests potential economic slowdown, which could negatively impact the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF focused on Japanese equities, might experience short-term negative effects due to the lower-than-expected Tertiary Industry Activity Index.
DXJ's focus on Japanese equities makes it sensitive to economic indicators like the Tertiary Industry Activity Index. The unexpected decline could signal economic challenges, affecting the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF with broad exposure to Japanese stocks, may face short-term negative impacts due to the decline in Japan's Tertiary Industry Activity Index.
EWJ's broad exposure to Japanese stocks makes it vulnerable to economic indicators. The unexpected decline in the Tertiary Industry Activity Index could indicate economic headwinds, negatively impacting the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80