- Analytics
- News and Tools
- Market News
- BlackRock upgrades Japan stocks, says they’re attractive despite Covid risks
BlackRock upgrades Japan stocks, says they’re attractive despite Covid risks
CNBC reports that BlackRock upgraded Japanese stocks, saying that earnings growth will be lifted in the second half of this year, even as its “virus dynamics” improve.
The emergence of Covid cases surrounding the Olympics held in Japan is “obviously a risk,” Thomas Taw, an investment strategist at BlackRock, said.
Japan has put Tokyo under a state of emergency till August 22 and no spectators are allowed at the games.
However, Taw pointed to conditions that favor the Japanese markets despite the heightened risks from Covid during the Olympics.
“There’s obviously a risk in terms of what happens with the Olympics,” Taw said. However, he said it was a “temporary headwind.”
For one, valuations are “a little bit more appealing in a place like Japan,” and the country’s central bank will continue to be accommodative, Taw said. He is also positive on earnings growth for companies there.
“Over the second half of the year, I expect some money will rotate into places like Japan, and Europe, which we have upgraded to overweight.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
