Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Credit Suisse explains why Japan is its favorite developed market

by
November 15, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Freddie Mac House Price Index Increased in August to New High; Up 4.0% Year-over-year

Monday: ISM Manufacturing, Construction Spending

Japanese stocks have lagged peers so far this year, but Credit Suisse’s Suresh Tantia sees that trend reversing soon.

“In the developed market space, our favorite market is Japan,” Tantia, senior investment strategist at Credit Suisse’s Asia-Pacific CIO office, told CNBC’s “Street Signs Asia” on Thursday.

“Japan has massively underperformed the U.S. equity market this year despite a very strong earnings momentum,” he said.

As of its Friday close, Japan’s Nikkei 225 has risen 7.89% for 2021. In comparison, the S&P 500 stateside has soared more than 24% in the same time period.

The strategist said a series of “building blocks” are now in place for Japan to outperform globally in the coming quarters.

Firstly, Tantia pointed to Japanese Prime Minister Fumio Kishida’s resounding victory in the recent parliamentary election, describing the win as “very positive for the market” due to expectations that the country’s leader will introduce more stimulus.

The second factor, according to the strategist, is valuations.

“If you look at the valuation for the Japanese equity market, it’s trading at a very attractive price compared to any other developed markets,” he said

Lastly, he pointed to the outlook for the Japanese yen, which has weakened more than 10% against the dollar so far this year.

“Weaker Japanese yen tends to be positive for the equity market and we do expect JPY to weaken against U.S. dollar,” Tantia said.

ShareTweetPin

Related Posts

Freddie Mac House Price Index Increased in August to New High; Up 4.0% Year-over-year

by
October 2, 2023
0

by Calculated Risk on 10/01/2023 10:11:00 AM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index...

Monday: ISM Manufacturing, Construction Spending

by
October 2, 2023
0

by Calculated Risk on 10/01/2023 07:06:00 PM Weekend: o Schedule for Week of October 1, 2023 Monday: o At 10:00...

These 5 Stocks Are Setting Up This Buying Opportunity After Strong Runs

by
October 1, 2023
0

Post Content

7 Stock Picks You Might Not Have Heard About. Why They’re ‘Best-of-Breed Bisons.’

by
October 1, 2023
0

Here are 7 Stock Picks You Might Not Have Heard About. Why They’re Best-of-Breed Bisons. | Barron's D.A. Davidson, a...

Best China Stocks: These Two Are Flashing Buy Signals Now

by
October 1, 2023
0

Post Content

Next Post

Asia-Pacific stocks rise; China October economic data releases ahead

China's retail sales beat expectations in October

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net