Japan Tertiary Industry Activity Index (MoM) For July 1.4% Vs. 0.8% Est.; -1.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Japan Tertiary Industry Activity Index for July showed a significant increase of 1.4%, surpassing the estimated 0.8% and recovering from a previous decline of -1.3%. This indicates a positive trend in Japan's service sector, which could impact ETFs focused on Japanese markets.
September 17, 2024 | 4:33 am
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POSITIVE IMPACT
BBJP, an ETF focused on Japanese markets, may see positive short-term impacts due to the better-than-expected rise in Japan's Tertiary Industry Activity Index for July.
The increase in the Tertiary Industry Activity Index suggests a strengthening in Japan's service sector, which is a positive indicator for ETFs like BBJP that are focused on Japanese markets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF targeting Japanese equities, might experience a positive short-term impact due to the unexpected rise in Japan's Tertiary Industry Activity Index.
The better-than-expected performance of Japan's service sector could boost investor confidence in Japanese equities, benefiting ETFs like DXJ.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
EWJ, an ETF that invests in Japanese stocks, is likely to see a positive short-term impact from the rise in Japan's Tertiary Industry Activity Index.
The increase in the Tertiary Industry Activity Index indicates a recovery in Japan's service sector, which could positively influence ETFs like EWJ that are exposed to Japanese stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70