FLJP News and Press, Franklin FTSE Japan From 08/14/23

2023-08-14 22:41:00 ET Summary According to the TINA concept, stocks are to be purchased when There Is No Alternative, which is shorthand for something like “buy stocks because bond yields stink.”. Using an amalgamation of Japan’s PPI, along with the PPIs of i...

2023-08-14 15:36:00 ET Summary While this is no time to be making major calls on asset allocation, in our view, there are abundant opportunities for generating incremental returns. Initially, each month of divergence increased our concern about market levels, especially as investo...

2023-08-11 23:35:00 ET Summary Christian Correa, Chief Investment Officer of Franklin Mutual Series, discusses his team’s top three themes for the back half of 2023. A tight labor market, strong consumer spending and economic strength across several industries have driven i...

2023-08-11 20:35:00 ET Summary With Wall Street very confident that the Fed won’t be raising rates in September, the focus shifts to how strong is the economy. Eurozone:  There’s no shortage of economic releases next week but there isn’t one that stands o...

2023-08-09 23:45:00 ET Summary A further cooling of a recent revival of service sector growth, which had been buoyed by a post-pandemic tailwind of increased spending, waned for a second month in a row, accompanied by a deepening manufacturing downturn. The manufacturing downturn ...

2023-08-09 02:15:00 ET Summary At its July meeting, the Bank of Japan (BOJ) made a small tweak to its yield curve control (YCC) policy. Based on recent inflation trends, one could conclude that the BOJ’s ultra monetary easing over the last 30 years has finally worked. R...

2023-08-09 01:35:00 ET Summary Japan, once a dominant player in the global semiconductor industry, is determined to reclaim its leading role. Semiconductor manufacturing has become a mission-critical asset for global powerhouses racing to develop the next generation of artificial ...

2023-08-08 02:00:00 ET Summary The Bank of Japan allowed its 10yr yield to rise, just as the US 10yr yield broke above 4% and the curve started to dis-invert. Was that the causation? We think not. The lowering of the US rate cut discount is the biggest driver. Bigger deficits ...

2023-08-05 08:16:00 ET Summary Everyone will be watching the US inflation report, as the report could help support soft landing hopes and seal the deal for some that the Fed is done raising rates. Fed speak will also include appearances by Bostic and Bowman on Monday. The Augu...

2023-08-02 23:43:00 ET Summary The JPMorgan Global Manufacturing Purchasing Managers' Index compiled by S&P Global, held steady at 48.7 in July. Leading the weakness of global production was an intensification of the recent downturn in global goods trade. In this environme...