Shares of Japanese banks are trading lower. On Friday, data showed Japan's September core CPI slowed.
Portfolio Pulse from Benzinga Newsdesk
Japanese banks' shares are trading lower following the release of data showing a slowdown in Japan's September core CPI.
October 21, 2024 | 7:00 pm
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NEGATIVE IMPACT
Mizuho Financial Group's shares are likely impacted by the slowdown in Japan's core CPI, which may affect the bank's revenue outlook.
The slowdown in core CPI suggests potential economic challenges, which could impact Mizuho's revenue and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mitsubishi UFJ Financial Group's shares are likely affected by the slowdown in Japan's core CPI, which may influence the bank's financial performance.
A slowdown in core CPI can indicate economic headwinds, potentially affecting MUFG's revenue and profitability, thus negatively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sumitomo Mitsui Financial Group's shares are likely impacted by the slowdown in Japan's core CPI, which may affect the bank's revenue outlook.
The slowdown in core CPI suggests potential economic challenges, which could impact SMFG's revenue and profitability, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80