Reported Earlier, Japan Industrial Production (MoM) Preliminary For July 2.8% Vs. 3.6% Est.; -4.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for July increased by 2.8% month-over-month, which is below the estimated 3.6% but an improvement from the previous month's -4.2%. This data could impact ETFs with exposure to Japanese markets.
August 30, 2024 | 5:14 am
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NEUTRAL IMPACT
BBJP, an ETF with exposure to Japanese markets, may experience short-term volatility due to Japan's industrial production data missing estimates.
BBJP is an ETF that tracks Japanese markets. The industrial production data is a key economic indicator, and the miss on estimates could lead to short-term volatility in the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
DXJ, an ETF focused on Japanese equities, might face short-term price fluctuations due to Japan's industrial production figures falling short of expectations.
DXJ is sensitive to Japanese economic data. The lower-than-expected industrial production growth may cause short-term fluctuations in the ETF's value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
EWJ, an ETF representing Japanese stocks, may experience short-term market reactions due to the industrial production data not meeting expectations.
EWJ is an ETF that includes Japanese stocks. The industrial production data is crucial for economic outlooks, and the miss on estimates could lead to short-term market reactions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70