The Chinese consumer is at the heart of public support measures but rebuilding confidence will take time. More support measures are likely by year-end to stimulate employment (e.g. corporate rate cuts, notably for SMEs). Cash handouts or VAT rate cuts
The Japanese economy’s growth has come thanks to Japan’s unique combination of strong corporate operating earnings yields, ultra-low finance costs, and ample opportunities to improve operations. The yen weakened in 2022 as the Bank of Japan (BOJ) prevented domestic yields
Equities endured losses as yields moved up, US dollar strengthened and oil prices continued to rise. Macro readings in the US remained strong with ISM Services PMI at 54.5, ahead of 52.4 expected, while Jobless claims fell to 216,000 which
This white paper explores the performance of several balanced portfolio allocations in various economic environments and provides insights into the impact of asset allocation on portfolio performance. In the first part of the article, we analyze the performance of two
Progress often precedes conflict. Take the birth of science during the age of enlightenment. One of the greatest controversies of the 17th century happened when Leibniz and Newton locked horns over who invented calculus first. Both men undoubtedly knew they
