Reported Earlier, Japan Industrial Production (MoM) Preliminary For June -3.6% Vs. -4.2% Est.; 3.6% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for June fell by 3.6% month-over-month, which is better than the estimated decline of 4.2% but worse than the previous month's increase of 3.6%.
July 31, 2024 | 4:20 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a slight negative impact due to the decline in Japan's industrial production, although the result was better than expected.
BBJP is directly tied to Japanese equities, and a decline in industrial production can negatively impact investor sentiment. However, the decline was less than expected, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges against currency fluctuations in Japanese equities, might experience a slight negative impact due to the decline in Japan's industrial production.
DXJ focuses on Japanese equities with a currency hedge. The decline in industrial production can affect the underlying equities, leading to a potential negative impact on DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the Japanese stock market, may see a slight negative impact due to the decline in Japan's industrial production, despite the result being better than expected.
EWJ is directly tied to the Japanese stock market, and a decline in industrial production can negatively impact investor sentiment. The better-than-expected result may cushion the negative impact slightly.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80