BTC iShares MSCI Japan ETF
Latest BTC iShares MSCI Japan ETF News and Updates
Amazon’s International Segment Saw Improvement in 2Q15
The year-over-year revenue growth trend for Amazon’s International segment was falling until last quarter.
Why Do Central Bankers Continue to Surprise Bill Gross?
In his recent webcast by Janus Capital, Bill Gross expressed his surprise at the extent to which central bankers of the developed world (EFA) (VEA) have distorted the financial system.
What Are the Catalysts for Amazon’s Stock in 2016?
AWS and the continued success of the Prime membership program were the main drivers for Amazon in 2015. This will likely continue in 2016 as well.
Capital Spending May Help Japan’s Economy to Grow at 1.7% in 2016
After sliding for two consecutive quarters, Japan’s economy has advanced 0.3% in 3Q15. This comes as a relief to the ailing Japanese economy.
What Will Drive Services Revenue for Apple?
Emerging markets such as China and international markets such as Japan have contributed significantly to Apple’s Services segment over the years.
Why Volatility Is Likely to Stay High
With growth projections of most major economies falling, it is likely that volatility will stay elevated.
Developed Markets Offer Value after the Rout
Developed markets are offering value. The Eurozone has come out of the recession and is seeing some green shoots of growth.
Putting Apple’s $1 Billion Content Budget into Perspective
Services contributed 16% of revenue Apple (AAPL) generated $24 billion from its Services business in fiscal 2016, and aims to double the revenue in four years. In fiscal 3Q17, Apple’s Services division contributed $7.3 billion in revenue, up 22% from a year earlier, and making up 16.1% of the quarter’s total revenue. Apple’s Services business consists of offerings […]
The Strengthening US Dollar Has Affected Oil Prices
Weak global demand and a strengthening dollar have affected oil prices.
Why Consumption Will Remain Soft in Australia
Much like US consumers, Australian consumers are in the process of repairing their balance sheets.
What Are Analysts Saying about iPhone 7 Demand?
Many analysts aren’t very optimistic about the iPhone 7 demand. Apple is facing technology stagnation in the smartphone market, which has led to longer upgrade cycles.
How Emerging Market Funds Kept Their Momentum
In the current market scenario, the global markets (ACWI) (VTI) (VEU) are mainly driven by the monetary stimulus provided by the central banks.
A Look at the September 2017 Moving Averages for Electronic Arts
Of the 23 analysts tracking EA, 18 gave the stock a “buy” recommendation, and five analysts recommended a “hold.” There were no “sell” recommendations from these analysts.
Overview: Shinzo Abe’s Abenomics
Abenomics is an effort to pull the world’s third biggest economy, Japan, out of two decades of stagnation by expanding the money supply, freeing up regulations, and encouraging the yen to fall.
Is China’s real estate bubble getting out of control again?
With new properties developing slower, the current price levels in China could in fact be supported. The risk for the future of housing prices is more likely to be associated with China’s GDP.
GM’s long-term competitive threat: Japan’s investment recovery
Japan is showing signs of investment recovery with its new economic policies coming into play.
How General Motors Is Playing the Luxury Car Market
GM hopes to capture a 10% share of the luxury car space. Currently, the company holds a 3.4% share in the global luxury market.
Asian Markets Are Strong amid Holidays
The Hang Seng Index gained 1.8% and closed the day at 30,828.00 on April 30. The iShares MSCI Hong Kong (EWH) gained 0.39% on Friday.
PC Market Not Expected to Stabilize before 2017
In calendar 2Q15, PC shipments fell globally by 9.50%. This situation is likely to continue through 2016 and isn’t likely to stabilize before 2017.
Why emerging markets offer value to your portfolio
Truth: Emerging markets offer value. Given that they’re generally growing faster than their developed world counterparts, emerging markets still look cheap by most metrics.
Why Are Asian Market Strong on June 6?
On June 6, the Shanghai Composite Index closed at 3,115.18—a gain of 0.03%. The SPDR S&P China (GXC) gained 0.2% on Tuesday.
What Analysts Recommend for Activision Blizzard in April 2017
On April 24, 2017, Activision Blizzard (ATVI) generated investor returns of 46.8% in the trailing 12-month period and 3.6% in the trailing one-month period.
How Much Will Falling HDD Shipments Impact Western Digital’s Revenues?
Western Digital reportedly shipped ~42.5 million HDD units in fiscal 4Q16—a significant YoY fall of ~12.5% over units shipped in fiscal 4Q15.
IoT Attracts Telecom, Semiconductor, and Software Companies
Gartner expects that there will be 20.8 billion IoT devices by 2020. IoT devices represent a direct growth opportunity for the semiconductor industry.
Will “Abenomics” bring real growth to Japan’s economy?
Japan’s economy versus the U.S. economy The below graph reflects trends in Japan’s gross domestic product (GDP) measured in U.S. dollars as of 2005 and 2013. Japan’s Gross Domestic Product (GDP) in 2012 was approximately $6 trillion USD, versus the U.S. GDP of approximately $16 trillion USD (so Japan’s economy is approximately 38% the size […]
China’s wage inflation: Bad news for corporate profits and banks
Wage inflation in Chinese manufacturing With an appreciating currency and growing economy, Chinese manufacturers have experienced wage inflation. The cost of Chinese labor is simply becoming more expensive, as the below graph indicates. Private sector wage growth in China was 14% in 2012, while GDP growth is slowing to around 7.5% per annum. Wages are […]
Dollar Appreciation Impacts IBM’s Growth in 2Q15
IBM pointed to the strengthening US dollar for the decline in its revenues, which fell by 13.5% in fiscal 2Q15. On a constant currency basis, revenue only declined by 1%.
Where Are Interest Rates Going? Ray Dalio Weighs In
Ray Dalio, and Marketplace Morning Report host David Brancaccio discussed the future of the economy and the next recession. Here’s what you need to know.
Why consumer confidence in China has declined long-term
This series explores the implications of China’s gradual transition to a more consumer-oriented economy.
Japan Outperforms While Manufacturing Growth Is Muted
The flash reading for the Japan Manufacturing PMI deteriorated slightly in June. The index came in at 49.9 for June against May’s 50.9.
Electronic Arts on the Street: Analyst Expectations in July 2017
In the trailing-12-month period, Electronic Arts (EA) stock has risen 48.9%. In the past month, its shares have declined 1%.
Why we could see a new trend in Japan’s exports and imports
Japan’s import and export dynamics The below graph provides a clearer picture of the import and export dynamics of the Japanese economy. By using 2005 as a base year and adjusting for inflation or deflation, the graph shows how exports and imports have changed on a “real” basis, as opposed to a “nominal” basis. Viewing […]
Christine Lagarde of the IMF sees a 3-speed economy (Part 1)
Christine Lagarde, the managing director for the International Monetary Fund, sees a three-speed global economy In her speech at Brookings Institution in early June, Lagarde mentioned that the global economy has shifted this year towards a three-speed economy, versus the two-speed economy coined by PriceWaterhouseCoopers half a year ago. You can broadly categorize the three […]
Microsoft Offers Massive Storage with Xbox One for $349
To push Xbox One one step ahead, Microsoft has partnered with Facebook’s Oculus Rift. Xbox One not only works with Oculus but is now an integral part of it.
Analyzing the BoJ’s Monetary Policy Enhancement Measures
The BoJ’s monetary policy was the most awaited macro event this week. It was the first major central bank to expand its easing program after the Brexit vote.
Why Commodity Trading Advisors Fare Well When Nothing Else Works
CTAs (commodity trading advisors) offer diversification benefits (commodity exposure when the equity markets are down), along with liquidity.
Asian Markets Trade Higher amid Global Market Rally
After regaining some strength on Tuesday amid improved global market sentiment, China’s Shanghai Composite Index continued to move higher.
What’s behind Malaysia’s Large Trade Surplus in June 2017?
Malaysia’s trade surplus jumped to 9.9 billion Malaysian ringgit (MYR) (about $2.3 billion as of August 11, 2017) in June 2017—an 80% rise YoY.
How Does a Negative Interest Rate Policy Affect Gold Investments?
Under a negative interest rate policy, people are charged on their deposits with banks, and banks are charged for their deposits with the central bank.
Behind Take-Two Interactive’s Climb in August
Take-Two Interactive saw its stock rise 23% in August 2017 and closed the month at $97.79. Take-Two is now trading 135% above its 52-week low of $41.7.
What Paul Krugman Thinks about Japan’s Yield Curve Control Policy
In its latest policy move, the Bank of Japan left rates unchanged and delayed inflation target timings for the Japanese economy (EWJ) (HEWJ) (DXJ).
Are we seeing the end of Japan’s 30-year investment collapse?
This series explains why Japan’s investment decline happened and what might happen in the future under “Abenomics.”
Will the Fed Have to Use More Unconventional Measures?
Global monetary policy is unconventional. From an era of lowering interest rates to boost economic growth, central bankers are taking rates into negative territory.
Can European Indexes Rally in the Current Global Turmoil?
In the current global scenario, the possibility of further devaluation of the Chinese yuan is a major concern for global equity markets. The Chinese PMI data released on January 31, 2016, indicated a slowdown in the Chinese economy.
Bill Gross’s Views on Growth and Inflation
Gross believes that money has stopped generating growth and inflation. Equity prices are artificially elevated, and negative yields are guaranteeing capital losses.
The Falling Demand For Oil, Impact On Prices
With China in a less oil-intensive stage of development, the demand for oil could stay low for a while.
Does “Abenomics” mean a new era of yen depreciation?
A change in yen appreciation? The below graph reflects a potential big change in Japan post-2012—has yen appreciation turned the corner as a result of post-2012 “Abenomics“? In the mid 1970’s, the U.S. dollar bought 300 yen, and by the mid-1980’s, the U.S. dollar bought 250 yen. By the end of the 1980s, the dollar […]
Is Japan’s investment turning the corner, or beyond help?
Japan’s fixed capital formation The below graph reflects the ongoing decline in fixed capital formation in Japan. Since Japan’s bubble economy burst in 1990, investments have been in a long-term phase of winding down. However, there has been a slight, though potentially ominous bounce recently. This article examines the trend in capital formation in Japan […]
Why some bad news may be good news for international stocks
Bad news may be good news for international stocks. Europe is struggling with deflationary headwinds and Japan is suffering under the burden of last April’s hike in the consumption tax.
PC Sales Fall in 2Q15 due to the Fall in PC Shipments
On July 9, Gartner reported that global PC shipments fell by 9.50% to 68.4 million units on a YoY basis in 2Q15—the steepest fall recorded since 3Q13.
Bank of Japan announces QQE2, expanded monetary stimulus
At its monetary policy meeting held on October 31, the Bank of Japan (or BOJ) announced new stimulus measures. The measures come in addition to those it announced earlier.
Japanese Yen Rose on Positive GDP Numbers
The Japanese yen gained early on December 8, 2015, as GDP (gross domestic product) figures were upwardly revised.
China tightens monetary policy: Will this be a Japan 1990 redux?
Interbank lending rates The below graph reflects the effects of the China Central Bank’s monetary tightening policies on interbank lending rates. The interbank seven-day lending rate spiked in June. Rates on government bonds have also risen, with the three-month yield on Chinese bills rising from 2.65% to 3.50%, and the ten-year bond yield rising from […]
Facebook Messenger’s Video Calling Feature Will Attract More Users
On April 27, Facebook added the video calling feature to Messenger, according to Facebook’s press release. This feature makes Messenger an attractive app.
Why inflation scare tactics in Japan drive consumption recovery
Private consumption growth in Japan The below graph reflects the trend in private consumption growth in Japan. As noted in Part 1, Japan’s real gross domestic product (real GDP) today is approximately where it was in 2005. The lack of overall economic real GDP growth has reflected in stagnated wage growth, as well as a […]
Why Did Bank Indonesia Keep Rates Constant?
Bank Indonesia kept its benchmark rate unchanged at 6.5% during the monetary policy meeting on July 21 amid expectations of another round of easing.
Japan Outperforms Markets So Far this Year
So far, Abe’s policy has worked well for Japan. Japanese stocks are up by almost 70%— local currency—since late 2012, which coincides with the election of reformist Prime Minister Shinzo Abe.
Beyond the Ephemeral: Pay Attention to Demographics
Lost in all the chatter about interest rates is a structural phenomenon that may be of far greater significance: demographics.
Japanese wage growth: Off to the races?
What can the policies of Japan’s new Prime Minister provide in order to convince consumers to spend more and grow the overall economy? Prime Minister Abe has some fairly radical ideas.
Hunting for Yield: Looking beyond Japan
Japan is the largest accessible bond market in Asia (source: Barclays Multiverse Index as of 7/29/16), but the problem is the yields for many local bonds are negative.
Where Are Opportunities in the Current Economic Environment?
There are still pockets of value in US markets. Investors can look to the financial and technology sectors for opportunities in the current economic environment.
Why the Japan Services PMI Improved in June 2017
The Japan Services PMI (EWJ) (DXJ) stood at 53.3 in June 2017 compared to 53.0 in May 2017. It met the market expectation of 53.2.
Alibaba to Open Its First Cloud Data Center in India
Amazon plans to spend $5.0 billion to build its business in India.
When to Expect a Liftoff in Rates
San Francisco Fed president John Williams noted that the Fed’s ability to hold off a liftoff in rates is “more limited” than its ability to tighten. A rate hike could be expected in September if the economy continues to grow in the next two months.
Why hedge funds show interest in Japanese ETFs
DXJ tracks the performance of the WisdomTree Japan Hedged Equity Index. The Index and the fund are designed to provide exposure to equity securities in Japan.
IBM Follows Alliance Route to Enhance Its Pace in Blockchain Tech
Strategic imperatives ruled International Business Machines’ (IBM) 3Q16 results. Recently, we also discussed IBM’s new interest in blockchain technology.
Why Blackberry Moved to the New York Stock Exchange
BlackBerry’s ticker changes to “BB” from “BBRY” BlackBerry’s (BB) transformation runs deeper than just shifting its focus from hardware to software and services. The company’s transformation also involved identity restructuring. Since October 16, 2017, BlackBerry stock has been trading on the NYSE (New York Stock Exchange) with “BB” as its ticker. Before this, BlackBerry stock […]
Gundlach: Negative Interest Rates Are the Definition of Deflation
Gundlach has no interest in sovereign debt at negative interest rates. He said that it’s a “guaranteed loss.” Bill Gross shares this view.
Hang Seng and Nikkei Post Marginal Gains on June 24
After falling on Friday, the Hang Seng Index started the week of the G20 meeting on a positive note. The index gained 0.14% today. Last week, the index gained 5%, and Friday was the only it posted losses during the week.
Dalio: Japan Is Undergoing an ‘Ugly Deflationary Deleveraging’
“Deleveraging” refers to reducing the debt level. With Japan’s debt burden, deleveraging the economy’s balance sheet seems more than imperative.
Why Japanese ETFs outperform Chinese and Korean ETFs on “Abenomics”
Thanks to “Abenomics” and a weaker yen, Japanese equities have risen and have also outperformed both U.S. and E.U. equities and avoided the fate of Chinese, Korean, and emerging market shares.
Why we’re seeing a brand new housing bubble—Japan style
Residential investments in Japan The below graph reflects the ongoing decline in the rate at which residential investments are being made in Japan. As with other forms of fixed investment noted earlier in this series, Japan has seen a long-term decline in the housing market since the peak of the economic bubble, which was accompanied […]
Inside HP’s Printing in Fiscal 1Q17
HP Inc.’s (HPQ) Printing business group reported revenues of $4.6 billion in fiscal 4Q16, which represents a fall of 8% YoY.
China’s Great Wall of worry: The top ten causes for concern
The strength of Japanese equities The below graph reflects the strong performance of Japanese equities over Chinese and Korean equities since the election of Japan’s new Prime Minister, Shinzo Abe, in November last year. Hopes of ending deflation in Japan have led to a strong performance in Japanese markets, while Japan’s neighbors, China and Korea, […]
Multinational and Japanese Pharmaceuticals Should Build Alliances
The Japanese pharmaceuticals market is not very welcoming to foreign companies. Similarly, the Japanese population is quite loyal to domestic manufacturers.
Hang Seng and Japanese Indexes Rose despite Faltering Trade
Hong Kong’s Hang Seng Index, which has been under severe pressure this quarter, was the best performing Asian index on June 19 with 2.56% gains. The index recorded its third consecutive gain.
Modi’s Moment: Promises and Accomplishments
India (PIN) has strengthened its ties with Asian powerhouses (GRR) like Japan (JEQ) (EWJ) and Singapore (SGF).
Must-know: Will deflation end China’s investment boom?
The importance of capital formation The below graph reflects the historical dynamics of capital formation—the percentage amount of gross domestic product, or GDP, at which capital is invested—in the United States, Japan, and China. As the graph reflects, China exhibits a tremendous level of investment as a percentage of GDP relative to the more mature […]
Hang Seng Falls with Chinese Indexes, Nikkei Gains
Hang Seng falls Hong Kong’s Hang Seng Index fell in early trading and didn’t recover until the end of the trading day. The index dropped 1.16%, or 329 points, to end the day at 27,946.46, near the day’s low. On May 16, the iShares MSCI Hong Kong ETF (EWH) gained 0.28% in trading on the […]
Will slowing foreign investment cool consumption in China?
China’s waning foreign investment The below graph reflects an ongoing decline in the percentage of foreign direct investment (FDI) in China as a percent of China’s gross domestic product (GDP). You can see the dramatic increase in FDI that occurred in China in 1992, when China began to create its “special economic zones,” which served […]
Hang Seng Ends Flat after Protests and Nikkei 225 Slides Again
Hong Kong’s Hang Seng Index opened lower today and fell sharply in early trade in response to the political situation in the city. As life started getting back to normal in Hong Kong, the bulls returned and the index maintained upward momentum. The Hang Seng closed almost flat at the end of the session.
Japanese Trade Surplus Rose in June, Imports Fell More than Exports
The trade surplus for Japan increased to 692.8 billion yen for June—compared to a deficit of 60.9 billion yen in the same month last year.
China overtakes Japan as the world’s second largest stock market
So far in 2014, the capitalization of the Chinese stock market has already increased by 33% to $4.48 trillion.
Why Is David Rubenstein Optimistic about Brazil?
The Brazilian economy is experiencing contraction due to a fall in commodity prices and the political turmoil. The commodities market is one of Brazil’s most important growth drivers.
Consider Overseas Stock Exposure as the Rate Hike Looms
Consider overseas stock exposure, as US markets look less attractive. Chinese stocks gave returns of 17% YTD. This is due to excess liquidity in equities.
How the Deflationary Environment Impacts Japan’s Economic Growth
Despite persistent deflation, Japan’s (EWJ) economy is growing at a slower pace, and its 3Q16 growth exceeded expectations as exports recovered.
How The Rising Dollar Is Causing Oil Prices To Fall
A rising dollar has and will continue to put downward pressure on oil prices, causing trouble for the energy sector (XLE).
Understanding the Marginal Decline in Malaysian Exports in June
Exports from Malaysia in June 2017 stood at 73.1 billion Malaysian ringgit (MYR) (about $17 billion as of August 11, 2017), or 10% higher YoY.
Japanese Financial ETF DXJF Is in a Bearish Trend in 2016
The WisdomTree Japan Hedged Financials (DXJF) seeks to provide exposure to the Japanese financial sector.
Why Have Seagate and Western Digital Had Such a Tough 2016?
Seagate’s shares fell by 13% in the week ending January 22, after Mizuho cut its price target for STX from $38 to $32 and provided a “neutral” rating.
Understanding HP’s Outlook for Printing
One of HP Inc.’s (HPQ) key objectives is to place hardware units with a higher usage of supplies.
Chinese exports will face more competition from Japan and Korea
Chinese yuan appreciation The Chinese yuan has appreciated approximately 3% per year since the launch of exchange rate reform in 2005, appreciating from 8.25 to 6.15 versus the U.S. dollar. The Chinese Central Bank “pegs” its exchange rate to the U.S. dollar—though it has allowed its currency to appreciate against the U.S. dollar more aggressively […]
Another Reason for Diversification: High US Equity Valuations
High US equity valuations are weighing on investor sentiments. The United States is trading at 100%, 50%, and 74% premiums over Japan, Europe, and emerging markets, respectively.
Must-know: Divergence is the new trend in the global economy
Economic growth is strengthening in some parts of the world, while it’s slipping in others. In other words, as I mentioned in a post earlier this week, the major trend in the global economy is one of increasing divergence, rather than slower growth.
Slow growth in United States and European Union cool China export
GDP in the United States and European Union The below graph reflects ongoing trends in the gross domestic product (GDP) growth rates in the United States and European Union, major destinations of Chinese exports. With slow economic growth in the United States, and the EU gross domestic product finally hitting positive territory (+ 0.3%) after […]
Richard Bernstein: Falling Yields Are Testimony to Risk Aversion
Bernstein asked a rhetorical question: “Could there be anything that suggests extreme risk aversion more than the increasing proportion of global sovereign bonds that have negative yields?”
Why Japanese exports could break out of a 5-year slump in 2013
Japan’s export growth As reflected in the graph below, Japan’s export growth has remained sluggish since the 2008 crisis. It has since struggled to recover to pre-crisis levels. Japanese exports are still 20% to 30% below their 2008 pre-crisis levels. However, 2013 could be the year when Japanese exports finally break out of their five-year […]
Hang Seng Drops amid Protests and Nikkei Is Down Too
After rising for three consecutive days, Japan’s Nikkei 225 retreated today.
Immediate Impact of UK Election: Market Up, Volatility Down
After the announcement of the United Kingdom’s election outcome on June 9, 2017, global markets showed mixed responses.
Why BMO Capital Markets Downgraded Western Digital
A few days back, BMO Capital Markets analyst Tim Long downgraded the rating on Western Digital (WDC) stock to “market perform” from “outperform.”