Japanese stocks within reach of record highs, and yet inexpensive
As Japanese stocks approach record levels last seen in the 1989 bubble-era, valuation metrics suggest they are still far from overpriced compared to historic levels and global peers.
February 23, 2024
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Asia FX weak, dollar steady after hawkish Fedspeak, strong labor data
Most Asian currencies fell on Friday, while the dollar steadied from recent losses as hawkish signals from the Federal Reserve and strong U.S. labor data cast more doubts over early U.S. rate cuts.
Gold prices remain rangebound as early rate cut bets wane
Gold prices moved little in Asian trade on Friday and remained well within a recently-established trading range amid increasing conviction that the Federal Reserve will not cut interest rates early in 2024.
Bakkt and Swan Bitcoin expand trading across most US states
Gavin Michael, CEO of Bakkt, expressed enthusiasm about the partnership’s progress and hinted at potential future endeavors, including possible international market expansions. This move marks a significant milestone for both companies as they seek to increase their footprint in the digital currency space.
Nikkei parties like it’s 1989; scales record high
The index is up almost 17% this year after surging 28% in 2023, when it was the best performing Asian major bourse. The tech-heavy Nasdaq, by comparison, soared 43% last year and is up 6% so far in 2024.