The background to the consistency in global stock prices includes steady economic indicators, increased liquidity, and a global trend toward monetary easing. The weak dollar is giving countries room to lower interest rates.
Japanese stocks are likely to see earnings forecasts improve in response to the Japan-US agreement, which includes a reduction in automobile tariffs. US stocks have experienced improvements in earnings forecasts ahead of the rest of the market. As US reciprocal tariffs move into the implementation phase, we will closely monitor whether these improvements spread beyond AI-related stocks.
Full article by Chief Strategist Hitoshi Asaoka, Asset Management One Co., Ltd. pdf HERE