FLJP News and Press, Franklin FTSE Japan From 10/24/23

2023-10-24 22:40:00 ET Summary Market leadership began to broaden throughout the third quarter relative to the narrowly led performance we experienced in the first half of the year. Relative outperformance was driven by inexpensive and cyclical sectors such as energy, autos, finan...

2023-10-24 03:55:00 ET Summary October's flash PMI data revealed that Japan's private sector economy concluded the eight-month growth streak that commenced in January 2023. This was attributed primarily to a sharper fall in manufacturing production, though services activity growth...

2023-10-23 12:05:00 ET Summary U.S. corporate earnings have stagnated with the economy. We stay selective in stocks and harness mega forces like artificial intelligence as key profit centers. The 10-year U.S. Treasury yield hit 16-year highs near 5.0% last week, while U.S. stocks ...

2023-10-21 02:40:00 ET Summary The post-pandemic recovery is being tested by gathering global storm clouds. China’s economic story has disappointed as the property sector weighs heavily on consumption. Europe is heading for stagnation, weakened by China’s economic st...

2023-10-20 23:45:00 ET Summary Now that Fed Chair Powell signaled that the FOMC will keep rates on hold at the next policy meeting, Wall Street will look to see how high growth will peak before the economy cools in Q4. The ECB is expected to leave interest rates unchanged next wee...

2023-10-18 12:30:00 ET Summary The global outlook is being troubled by rising rates, oil prices and the U.S. dollar, resulting in investor risk aversion. Spiking bond yields are challenging the equity market’s soft landing assumption. With limited prospect of an upgrade to ...

2023-10-18 01:00:00 ET Summary The IMF's latest assessment of the global economy corresponds closely with the picture portrayed in advance by the PMI surveys. Inflation is meanwhile headed lower, although some uncertainty persists regarding the final leg toward central bank target...

2023-10-14 03:00:00 ET Summary The region is likely to see faster disinflation, but prospects for growth in coming years are dimming. Strong consumer spending has supported growth in Asia’s three largest economies this year, but there are already signs that the regionȁ...

2023-10-13 20:45:00 ET Summary This week, Wall Street will learn how quickly the US consumer is weakening and if the manufacturing part of the economy is close to entering recovery mode. Christine Lagarde is once again the highlight with appearances over the weekend likely to attr...

2023-10-13 00:30:00 ET Summary An inverted yield curve, with short-term debt yielding more than long-term bonds, benefits net interest income for households. Sticky wage inflation is likely to support core inflation longer unless there is some weakness in the labor market. The...