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Japan downgraded to Neutral. Has China found its low gear? EU finding momentum.
Japan's manufacturing and services PMI indicators are trending around 50 suggesting conditions are flat. Tax collections in May were down 8% from the same time last year suggesting corporate profits and personal incomes are contracting. Air traffic for both imported and exported goods are now both showing negative growth. Taken all together, we have downgraded our economic assessment for Japan from 'Positive' to 'Neutral'. We also note that our China indicators might have finally stabilised, albeit at lower levels and so far for only one month. Meanwhile, the US continues to recover from earlier weakness in the year, and the EU looks to be lifting out of its doldrums as well. (VIEW LINK)
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Nathan Lim is the Chief Investment Officer at Lonsec Holdings. He is responsible for building and managing Lonsec’s suite of investment solutions, devising strategies for growth and acting as the liaison with the market. Nathan has industry-recognised expertise, having won multiple awards for portfolio management and fund selection in both conventional and Responsible Investment categories.
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Nathan Lim is the Chief Investment Officer at Lonsec Holdings. He is responsible for building and managing Lonsec’s suite of investment solutions, devising strategies for growth and acting as the liaison with the market. Nathan has...
Expertise
Nathan Lim is the Chief Investment Officer at Lonsec Holdings. He is responsible for building and managing Lonsec’s suite of investment solutions, devising strategies for growth and acting as the liaison with the market. Nathan has...
Expertise
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