A JP Morgan analsyst likes equities in Japan and the UK.
Japan:
- “Even though it feels that Japan is a consensus overweight, we think that flows are still at an early stage and can support further outperformance of the region”
- additional sup[port is anticipated from financial relation
- additionally efforts by the Tokyo Inventory Change to enhance shareholder returns and company profitability
UK:
- is a “record cheap” market inside Europe
- “UK is a typical low beta play, and last year equity indices were strongly up. If the equity market becomes more volatile, with challenge to the Goldilocks narrative, UK could see a tailwind.”
- engaging additionally on account of its excessive dividend yield
This text was written by Eamonn Sheridan at www.forexlive.com.
