Longer-term charts of key equity markets continue to point to strengthening uptrends. These markets will continue to be fuelled by abundant liquidity and a strengthening global economic recovery. In this respect, my colleagues and I continue to promote the view that developed equity markets are a great way to play the macroeconomic environment. Given often… [Read more]
As my colleagues and I muse on our top themes for 2011, following on from our successful top ten themes for 2010, one view taking shape is that developed state equity markets will outperform their emerging market counterparts next year. Though I continue to see gains for many emerging market bourses in 2011 (BMI retains… [Read more]
As I write this, Japan is once again in a funk. The yen has come ever so close to its post-WW2 high of JPY79.70/US$ seen in 1995, the Nikkei has touched 16-month lows, and now, the governing Democratic Party of Japan (DPJ) has become embroiled in an internal power struggle between Prime Minister Naoto Kan… [Read more]
One stock market that has really underperformed global equity markets in recent months is Japan’s Nikkei index. While other developed markets have rallied by over 50.0% since the March lows, and some EMs by around 200%, the Nikkei has only recovered by around 35.0%. The price action has turned lower and is starting to form… [Read more]
Terry Alexander is back on the Business Monitor Podcast this week to speak about the recent performance in global equities. Since our very first podcast he has reiterated his bullish stance on stocks, a view which, almost five months later, still remains unshaken. Both the technical and fundamental picture remains conducive of further gains for… [Read more]
Despite the historical significance of the DPJ’s landslide election victory on August 30, the new government will face the enormous challenge of reforming Japan’s bureaucracy. Yoel Sano from BMI’s Asia desk believes it will take a long time before the economy will reap the benefits of this historic change.
At Business Monitor International, I have been assessing the outlook for the US Dow Jones equity index. Losses from peak reached almost 50% on Monday night – which is a pretty huge figure in itself – but I pulled out a chart of the Dow going back to 1920, which presented a rather depressing picture…. [Read more]
