CommSec Research. China: Trade surplus but exports slide

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China trade China trade data: The trade surplus narrowed from US$44.61 billion to US$40.82 billion in December (forecast US$46.5 billion). Exports were down 6.1 per cent over the year (forecast: -3.5 per cent) while imports were up by 3.1 per cent (forecast: 2.7 per cent). China 2016 calendar year trade surplus totalled $509.96 billion. The […]

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CPD: Inside the tiger’s den

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In our last Global Matters paper, Young tiger stalks ageing dragon, we compared the current position and prospects of the world’s two most populous nations: China and India. We concluded that, over coming decades, the Indian tiger could loom as a very real growth rival for its north eastern neighbour. In this paper Greg Goodsell, […]

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CPD: Is Japan investable through a cash flow prism?

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There are so many ways companies, sectors and economies can be viewed: many investors study traditional accounting metrics such as price/earnings (P/E) and price/book value (P/BV) ratios of companies and sector. Economic data is put under the microscope. On the other hand, Epoch Investment Partners (Epoch), manager of the Grant Samuel Epoch Global Equity Shareholder […]

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CPD: Interpreting signals in unprecedented times – Japan equity market outlook

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No turning back — 2% inflation target not only intact but enhanced with a new “inflation overshooting commitment” While the TOPIX declined following the Brexit vote, largely as a result of the strengthening of the Yen, the market has since recovered. We now believe the negative impact of the stronger Yen will be gradually diminished […]

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Nikko Asset Management bullish on Japan and developed Asia-Pacific equities

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The Fed expected to hike in December or March. The BOJ and ECB will remain on hold for the next 12 months. Bond yields to remain relatively stable for the next two quarters. Nikko Asset Management’s Global Investment Committee (GIC) is positive on Japanese and developed Asia-Pacific equities over the next six months due to […]

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Bank of Japan to target yield curve and a period of inflation above 2%

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After much anticipation the Bank of Japan has announced its response to it “comprehensive assessment” of its monetary easing program. A key findings of the comprehensive assessment was that its Quantitative and Qualitative Easing (QQE) program has worked to a degree but that the 2% inflation target has not been achieved being hampered by the […]

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CPD: Young tiger stalks ageing dragon

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China and India are the world’s two most populous nations by huge margins, with populations more than four times that of the third largest, the United States. Combined, China and India make up over one third of the world’s population. Inevitably these two powerhouses will be integral to global growth for the remainder of the […]

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Investors disappointed but still some reasons to remain optimistic

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Investors were disappointed after the Bank of Japan’s latest efforts to stimulate the economy failed to excite market participants; the US reported weak second-quarter GDP data; and oil prices took a fresh slide recently says George Lucas, managing director Instreet Investment. “However there are still some reasons to remain optimistic as we analyse these developments”, […]

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Japanese poll result gives global markets fillip

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The landslide victory for Japan’s ruling coalition in the Upper House election last weekend has provided further fuel for equity markets that have been in overdrive around the globe for the past two weeks. Solid gains have been made in Europe, Australia and the US over this period as markets shrugged off Brexit, but the […]

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Asia offers diversity, growth, opportunity … if you look hard enough, says PM CAPITAL

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The constant domestic and global media focus on the state and fate of Chinese financial markets poses potential risks to local investors, in that they may choose to ignore the region as an investment option, foregoing significant growth opportunities warns Paul Moore, Founder and Chief Investment Officer, PM CAPITAL. This is a key message being […]

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