Category: Weekly Analysis

GDP up +2.5% yoy. Positive contribution of exports and consumption. Improvement in earnings growth outlook. Nikkei relatively attractive. Key points GDP growth in Japan accelerates to +2.5% yoy Export boom continues (+18.1%) Trade balance grows to 113 billion yen The North Korean crisis fails to affect private consumption, up +0.6% Wave of positive economic indicators [...]

Eurozone and US growth is level pegging. Fundamentals justify the rise in the Euro. The gap between valuation and profits is benefiting European companies. Key points The German elections have dampened prospects of European reconstruction The ECB is confident, but concerned by the rise in the Euro Monetary policy will remain expansionary in 2018, despite [...]