Japan Tertiary Industry Activity Index (MoM) -1.3% Vs. 0.3% Est.; 0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The Japan Tertiary Industry Activity Index for the month showed a decline of 1.3%, significantly missing the estimated growth of 0.3% and down from the revised prior figure of 0.6%.
August 16, 2024 | 4:51 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term pressure due to the unexpected decline in Japan's Tertiary Industry Activity Index.
BBJP is directly tied to the performance of Japanese equities, and a significant miss in economic activity data could lead to investor concerns and short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency exposure to Japanese equities, might experience short-term negative impact due to the decline in Japan's Tertiary Industry Activity Index.
DXJ's performance is linked to Japanese equities, and a significant miss in economic data can lead to investor concerns, potentially causing short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, could face short-term downside due to the unexpected decline in Japan's Tertiary Industry Activity Index.
EWJ is directly impacted by the performance of Japanese stocks, and a significant miss in economic activity data could lead to investor concerns and short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80