Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For July 53.7 Vs. 53.9 Est.; 49.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for July was reported at 53.7, slightly below the estimated 53.9 but significantly higher than the prior 49.4.
August 05, 2024 | 5:23 am
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POSITIVE IMPACT
The iShares MSCI Japan ETF (BBJP) may see a positive impact due to the strong improvement in Japan's Services PMI, indicating economic growth.
The significant improvement in the Services PMI suggests economic growth, which is likely to positively impact the iShares MSCI Japan ETF (BBJP).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The WisdomTree Japan Hedged Equity Fund (DXJ) may experience a positive impact due to the better-than-expected Services PMI, indicating a stronger Japanese economy.
The improvement in the Services PMI is a positive indicator for the Japanese economy, which could benefit the WisdomTree Japan Hedged Equity Fund (DXJ).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares MSCI Japan ETF (EWJ) is likely to see a positive impact from the improved Services PMI, reflecting economic growth in Japan.
The rise in the Services PMI indicates economic growth, which is likely to positively impact the iShares MSCI Japan ETF (EWJ).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80