Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For September 53.1 Vs. 53.9 Est.; 53.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for September was reported at 53.1, below the estimated 53.9 and the prior 53.7. This indicates a slower expansion in Japan's services sector.
October 03, 2024 | 4:34 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a short-term impact due to the lower-than-expected Japan Services PMI, indicating slower growth in the services sector.
BBJP is an ETF that tracks Japanese equities, and a lower-than-expected Services PMI suggests slower growth in Japan's services sector, potentially affecting investor sentiment and the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities, might experience a negative impact due to the weaker-than-expected Services PMI, reflecting slower sector growth.
DXJ focuses on Japanese equities, and the lower Services PMI suggests a slowdown in the services sector, which could negatively influence the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
EWJ, an ETF tracking Japanese stocks, could be negatively affected by the lower-than-expected Services PMI, indicating a slowdown in the services sector.
EWJ is an ETF that tracks Japanese stocks, and the lower Services PMI suggests a slowdown in the services sector, potentially impacting the ETF's performance negatively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70