trade war

Last year's contraction of manufacturing and industrial output was the third of the current economic cycle, influenced by dollar strength, the trade war, and the impact of strikes at General Motors and the grounding of the Boeing 737 Max.

Heightened volatility here to stay

2019 was marked by US dollar appreciation

Growing hope for new riches in Lunar New Year

The most popular phrase of last year revealed

Ahead of 'phase one' agreement

Favouring US Treasuries over UK gilts

Thawing of geopolitical tensions behind positive outlook

Six managers give their views

Japanese equities have been sensitive to weaker global industrial demand over the past 12 months, but we expect the earnings impact from the ongoing slowdown to bottom out by the end of this fiscal year.