Reported Earlier, Japan Trade Balance For July -621.8B Vs. -330.7B Est.; 224.0B Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's trade balance for July was reported at -621.8 billion yen, significantly worse than the estimated -330.7 billion yen and the prior month's 224.0 billion yen surplus. This could impact ETFs with exposure to Japanese markets.
August 21, 2024 | 4:23 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF with exposure to Japanese equities, may be negatively impacted by Japan's larger-than-expected trade deficit for July.
BBJP is an ETF that tracks Japanese equities. A larger-than-expected trade deficit suggests potential economic challenges, which could negatively impact Japanese stocks and, consequently, BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF focusing on Japanese equities, might see negative effects due to Japan's disappointing trade balance figures for July.
DXJ is an ETF that invests in Japanese equities. The unexpected trade deficit could signal economic issues, potentially affecting the performance of Japanese stocks and DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF with exposure to Japanese markets, could be negatively impacted by Japan's worse-than-expected trade deficit for July.
EWJ is an ETF that provides exposure to Japanese markets. The larger-than-expected trade deficit could indicate economic difficulties, potentially affecting Japanese stocks and EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80