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Navigating Japan Equities: Monthly Insights from Tokyo (December 2023)
SHARE THIS We discuss how a bullish year for Japan equities has brought what was previously out of sight into view and analyse focal points for the market as we head into 2024; we also assess how focusing on efficiency and growth could be the way...
https://emea.nikkoam.com/articles/2023/japan-equity-monthly-december-2023 -
Balancing Act-Monthly insights: Multi-Asset Team-November 2023
SHARE THIS We have held on to our view that the “higher for longer” narrative is not necessarily bad for equities, as robust earnings are supported by a US economy that continues to grow at above-trend rates. However, we are also sympathetic to the...
https://emea.nikkoam.com/articles/2023/multi-asset-nov-2023 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-October 2023
SHARE THIS We expect macro and corporate credit fundamentals across Asia ex-China to stay resilient with fiscal buffers, although slower economic growth appears to loom over the horizon.
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-oct-23 -
Navigating Japan Equities: Monthly Insights from Tokyo (November 2023)
SHARE THIS We analyse the Bank of Japan’s decision to further tweak its yield curve control scheme amid the latest developments hinting at sustained wage growth; we also assess why an acute labour shortage could be a golden opportunity for Japan Inc....
https://emea.nikkoam.com/articles/2023/japan-equity-monthly-november-2023 -
Harnessing Change - Monthly Insights: Asian Equity-October 2023
SHARE THIS While the risk-off environment stretched into another month, we are still finding plenty of positives in Asia. India’s macro remains favourable; Chinese equity markets are near the cheapest in 20 years; and the semiconductor industry is...
https://emea.nikkoam.com/articles/2023/asian-equity-monthly-oct-2023 -
Balancing Act-Monthly insights: Multi-Asset Team-October 2023
SHARE THIS Defying seemingly broad sentiment that a slowdown is coming, the US economy continues to chug along, and bond yields are continuing to wake up to the monetary reality that long-term rates need to be repriced accordingly. The adjustment has...
https://emea.nikkoam.com/articles/2023/multi-asset-oct-2023 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-September 2023
SHARE THIS Amid the current rise in oil prices, global central banks have become more vigilant against inflation, becoming increasingly wary of risks occasioned by a potentially premature end to their rate hiking cycles. Consequently, we deem it...
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-sep-23 -
Navigating Japan Equities: Monthly Insights from Tokyo (October 2023)
SHARE THIS This month we discuss the timing of Japan’s savings to investments push as assets held by households hit a record high; we also look at the rise in the domestic long-term yield to a 10-year peak and assess its potential impact on the equity...
https://emea.nikkoam.com/articles/2023/japan-equity-monthly-october-2023 -
Harnessing Change - Monthly Insights: Asian Equity-September 2023
SHARE THIS With oil markets closing in on US dollar (USD) 100 per barrel and US bond yields reaching 16-year highs, one could be excused for being struck by a bout of conservatism. With valuation dispersions again back to all-time highs, we contend...
https://emea.nikkoam.com/articles/2023/asian-equity-monthly-sep-2023 -
Balancing Act-Monthly insights: Multi-Asset Team-September 2023
SHARE THIS The markets are pricing “higher for longer” with US Treasury 10-year yields pressing above their October 2022 highs, tempering enthusiasm across global equities into neutral sentiment territory. As inflation pressures continue to ease...
https://emea.nikkoam.com/articles/2023/multi-asset-sep-2023 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-August 2023
SHARE THIS Indian and Indonesian bonds are expected to fare relatively better than their regional peers, supported by their attractive carry, positive macro backdrop and policy credibility. As for currencies, expectations that US interest rates may...
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-aug-23 -
Harnessing Change - Monthly Insights: Asian Equity-August 2023
SHARE THIS While regional markets understandably retained its focus on the economic weakness in China, we believe that the fear gripping the markets belies the region’s long-term sustainable return and positive change opportunities. The challenges that...
https://emea.nikkoam.com/articles/2023/asian-equity-monthly-aug-2023 -
Navigating Japan Equities: Monthly Insights from Tokyo (September 2023)
SHARE THIS This month we take a closer look at Japan’s 2Q GDP surge and analyse the factors that could offset a potential slowdown in exports; we also assess why the markets are less perturbed by a weak yen compared to a year ago and discuss the...
https://emea.nikkoam.com/articles/2023/japan-equity-monthly-september-2023 -
Balancing Act-Monthly insights: Multi-Asset Team-August 2023
SHARE THIS The economic wheels continue to turn forward, surprising many given that the Federal Reserve lifted the overnight target rate to 5.5%, a level not seen since 2001. It is also above the top rate of 5.25% seen back in 2006–2007, before rate...
https://emea.nikkoam.com/articles/2023/multi-asset-aug-2023 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-July 2023
SHARE THIS We retain our preference for Indonesian government bonds and for currencies, we believe that greater support for the renminbi from Chinese policymakers should remove a near-term headwind for currencies in the region. We take a more cautious...
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-jul-23 -
Harnessing Change - Monthly Insights: Asian Equity-July 2023
SHARE THIS With the Chinese economy on the brink of deflation, the timing of the Chinese government’s recent pro-growth directives was a very welcome signal. If carried out, they can lead to structural changes that can potentially lead to an...
https://emea.nikkoam.com/articles/2023/asian-equity-monthly-jul-2023 -
Navigating Japan Equities: Monthly Insights from Tokyo (August 2023)
SHARE THIS Although the Bank of Japan tweaked its policy in July, we discuss why the move may have been a compromise given expectations the central bank will wait for more concrete signs of inflation before taking a more significant step; we also...
https://emea.nikkoam.com/articles/2023/japan-equity-monthly-august-2023 -
Balancing Act-Monthly insights: Multi-Asset Team-July 2023
SHARE THIS While market positioning has shifted towards a more constructive outlook, the macroeconomic mood has not. Rather, persistent upside pressures in equity markets have forced investors back into the market so they do not fall too far behind...
https://emea.nikkoam.com/articles/2023/multi-asset-jul-2023 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-June 2023
SHARE THIS We remain constructive on relatively higher-yielding government bonds amid a supportive macro backdrop. Our favourable view of higher-yielders is further grounded on the view that lower-yielding government bonds will be more vulnerable to...
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-jun-23 -
Harvesting Growth, Harnessing Change - Monthly Insights: Asian Equity-June 2023
SHARE THIS With inflationary issues subsiding across most of Asia, many regional central banks are now holding interest rates steady, if not cutting rates in the case of China. The US, meanwhile, is still warning of further rate hikes despite some...
https://emea.nikkoam.com/articles/2023/asian-equity-monthly-jun-2023
