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On the ground in Asia Monthly Insights: Asian Fixed Income (April 2024)
SHARE THIS In terms of duration exposure, we maintain a positive outlook for medium-term duration, finding the current yield levels attractive. We expect Asia credit to remain well-supported due to subdued net new supply as issuers continue to access...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-april-2024 -
Harnessing Change - Monthly Insights: Asian Equity-April 2024
SHARE THIS What a difference a month can make. Discussions have pivoted from interest rate cuts in the US to the possibility of an increase, while Chinese equities have rallied sharply on a combination of attractive value and hopes of effective policy...
https://emea.nikkoam.com/articles/2024/asian-equity-april-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (May 2024)
SHARE THIS This month we analyse why the influence of capex and wages on spending behaviour are key to gauging whether an inflationary mindset is taking hold among households; amid an adjustment by Japanese stocks from record highs, we also look for...
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-may-2024 -
Balancing Act-Monthly insights: Multi-Asset Team-April 2024
SHARE THIS Inflation uncertainty seems increasingly entrenched, which is less kind to developed market sovereign bonds. The US fiscal deficit is very large, and the Federal Reserve (Fed) is now in the challenging position of deciding when to cut rates....
https://emea.nikkoam.com/articles/2024/multi-asset-april-2024 -
Harnessing Change - Monthly Insights: Asian Equity-March 2024
SHARE THIS The Chinese economy and its equity market continue to be significant focal points in broader Asia. Additional support measures, combined with a recalibration of market expectations, have helped Chinese equities recover from the panic selling...
https://emea.nikkoam.com/articles/2024/asian-equity-march-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-March 2024
SHARE THIS We maintain a positive outlook for Asian local government bonds, particularly those from India, Indonesia and the Philippines. In our view, the disinflation trends in these countries should provide their central banks with the flexibility to...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-march-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (April 2024)
SHARE THIS The Bank of Japan (BOJ) lifted interest rates for the first time in 17 years in March, making a historic departure from negative interest rates. We provide an overall evaluation of its decision, discuss how long accommodative monetary...
https://emea.nikkoam.com/articles/2024/japan-equity-april-2024 -
Balancing Act-Monthly insights: Multi-Asset Team-March 2024
SHARE THIS Improving economic dynamics defy conventional logic of what one would expect from one of the most aggressive tightening cycles in history. However, if one considers the magnitude of the 2020 expansion in money supply, there is still...
https://emea.nikkoam.com/articles/2024/multi-asset-march-2024 -
Harnessing Change - Monthly Insights: Asian Equity-February 2024
SHARE THIS We think that there could be some short-term rebound in China as valuations are in extreme oversold territory. However, for the rally to be more sustainable, we are monitoring for a few drivers, including supply-side measures that can...
https://emea.nikkoam.com/articles/2024/asian-equity-february-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income (February 2024)
SHARE THIS We maintain a positive outlook for Asian local government bonds, particularly India, Indonesia and Philippine bonds. In our view, the disinflation trends in these countries should provide the Reserve Bank of India, Bank Indonesia and Bangko...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-february-2024 -
Navigating Japan Equities: Monthly Insights from Tokyo (March 2024)
SHARE THIS This month we focus on the prospect of Japanese stocks sustaining their upward trajectory after reaching record highs; we also assess how the country’s Q4 GDP contraction sharpens the focus on consumption and wages in 2024.
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-march-2024 -
Balancing Act-Monthly insights: Multi-Asset Team-February 2024
SHARE THIS The seemingly impossible soft landing on the back of one of the most aggressive monetary tightening cycles in history is looking not just possible, but increasingly probable. US data is coming in stronger and global demand is generally...
https://emea.nikkoam.com/articles/2024/multi-asset-feb-2024 -
Harnessing Change - Monthly Insights: Asian Equity-January 2024
SHARE THIS The Indian market remains attractive. It has the highest earnings growth in the Asian region, valuations that are in the middle of its historic range and an economy that is growing strongly with inflation under control.
https://emea.nikkoam.com/articles/2024/asian-equity-monthly-jan-2024 -
Navigating Japan Equities: Monthly Insights from Tokyo (February 2024)
SHARE THIS This month we discuss how emerging growth narratives such as semiconductors may come into focus in 2024; we also assess the slightly hawkish turn the BOJ took at its January policy meeting.
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-february-2024 -
Balancing Act-Monthly insights: Multi-Asset Team-January 2024
SHARE THIS The US economy continues to look robust, so we have stayed constructive on growth assets and short maturity global credit where yields are attractive. We still believe that the path to 2% inflation in the US is relatively unclear. If...
https://emea.nikkoam.com/articles/2024/multi-asset-jan-2024 -
Harnessing Change - Monthly Insights: Asian Equity-December 2023
SHARE THIS The peaking of interest rates and potentially the US dollar could be a boon for broader markets—particularly those more sensitive to liquidity, countries with more room to ease rates and areas where positive fundamental changes have been...
https://emea.nikkoam.com/articles/2023/asian-equity-monthly-dec-2023 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-December 2023
SHARE THIS We expect macro and corporate credit fundamentals across Asia ex-China to stay resilient due to fiscal buffers although slower economic growth seems to loom over the horizon.
https://emea.nikkoam.com/articles/2024/asian-fixed-income-monthly-dec-23 -
Navigating Japan Equities: Monthly Insights from Tokyo (January 2024)
SHARE THIS This month we discuss why the equity market is relatively unaffected by the political scandal shaking Japan’s ruling party; we also assess how 2024 could become an inflection point in the country’s “savings to investments” drive.
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-january-2024 -
Balancing Act-Monthly insights: Multi-Asset Team-December 2023
SHARE THIS Although we believe that the prospects for the economy remain mostly unchanged, the outlook is softer at the margins, perhaps reflecting the tightening of financial conditions seen during the recent months. Over the past month, however,...
https://emea.nikkoam.com/articles/2023/multi-asset-dec-2023 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-November 2023
SHARE THIS We expect sentiment toward Asia’s bond markets to turn increasingly positive in 2024. We also expect macro and corporate credit fundamentals across Asia ex-China to stay resilient on the back of fiscal buffers, although slower economic...
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-nov-23
