Reported Earlier, Japan Current Account n.s.a. For June 1.534T Vs. 1.790T Est.; 2.850T Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's current account n.s.a. for June came in at 1.534 trillion yen, missing the estimated 1.790 trillion yen and significantly lower than the prior 2.850 trillion yen.
August 08, 2024 | 4:34 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term pressure due to Japan's current account n.s.a. for June missing estimates and being significantly lower than the prior month.
BBJP is directly impacted by economic indicators from Japan. The lower-than-expected current account figure suggests potential economic weakness, which could negatively affect Japanese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities while hedging currency risk, might experience short-term negative impact due to Japan's current account n.s.a. for June missing expectations.
DXJ is sensitive to Japanese economic data. The disappointing current account figure could signal economic challenges, potentially affecting the performance of Japanese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, may face short-term downside due to Japan's current account n.s.a. for June falling short of estimates and previous figures.
EWJ's performance is closely tied to the Japanese economy. The lower-than-expected current account figure could indicate economic weakness, negatively impacting Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80