The Nikkei 225 closed above 20,000 points for the first time in 15 years on 24th April. Although we remain extremely sceptical about the merits of Abenomics, and the prospects for the macro-economy, we believe that there is more to come from the equity rally.
Read about it on Reuters’ Alpha Now
- Our China Momentum Indicator (CMI) stood at just 2.8% in March. It points to much weaker growth, and a more dramatic slowdown, than the official data.
- The CMI supports signals coming from commodities markets that China is slowing rapidly. In our view China is now in a hard landing.
Opinion Editorial: General Election 2015
To download the full article by Phil Lachowycz, UK Economist at Fathom, published in City Wire Asset Allocation 360 April 2015, please click here: