Reported Earlier, Japan Gross Domestic Product (QoQ) Preliminary For Q2 0.8% Vs. 0.6% Est.; -0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) for Q2 grew by 0.8% quarter-over-quarter, surpassing the estimated 0.6% and significantly improving from the revised -0.6% in the prior quarter.
August 15, 2024 | 4:50 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
BBJP, an ETF focused on Japanese equities, is likely to see a positive impact due to Japan's better-than-expected Q2 GDP growth of 0.8%.
The better-than-expected GDP growth indicates a stronger Japanese economy, which is likely to boost investor confidence in Japanese equities, positively impacting BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities while hedging currency risk, is expected to benefit from Japan's Q2 GDP growth of 0.8%.
The stronger-than-expected GDP growth suggests a healthier Japanese economy, which should positively influence Japanese equities, benefiting DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is likely to experience a positive impact from Japan's Q2 GDP growth of 0.8%.
The unexpected GDP growth indicates a robust Japanese economy, which is likely to enhance investor sentiment towards Japanese stocks, benefiting EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80