Reported Earlier, Japan Gross Domestic Product Price Index (YoY) Preliminary For Q2 3.0% Vs. 2.6% Est.; 3.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product Price Index (YoY) for Q2 came in at 3.0%, higher than the estimated 2.6% but lower than the previous 3.4%.
August 15, 2024 | 4:50 am
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POSITIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see positive short-term impact due to Japan's GDP Price Index beating estimates.
The better-than-expected GDP Price Index suggests a stronger economic environment in Japan, which could positively impact Japanese equities and ETFs like BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF that hedges currency risk in Japanese equities, may benefit from the positive economic data from Japan.
Stronger-than-expected economic data from Japan could lead to a positive outlook for Japanese equities, benefiting ETFs like DXJ that hedge currency risk.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF that tracks Japanese stocks, may experience a positive short-term impact due to Japan's GDP Price Index surpassing estimates.
The higher-than-expected GDP Price Index indicates a robust economic environment in Japan, which is likely to benefit Japanese stock ETFs like EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80