The EU Commission's measure of economic sentiment (ESI) continued to edge down in September. At 110.9, the index was 0.7 points short of its unrevised August reading and at its lowest level since June last year. The gauge has fallen every month so far in 2018. Read the rest at...
I have been a fan of Japan as an investment for quite a while now. Shinzo Abe's economic reforms are, for now, paying large dividends. There are questions of course about monetary policy as implemented by the inventors of Quantitative Easing, taking monetary policy where it has rarely been....
Japan's stock market hasn't done much this year - the Nikkei is up about 4% YTD - but you can't blame that on poor corporate earnings growth. Earnings for the Nikkei are up about 30% year over year and profit margins are hitting new highs (from the FT): Shinzo Abe...