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, whereas the European Central Bank and the Bank of Japan may opt for tapering of their quantitative easing stance. Against this backdrop, interest rates in several countries are likely to be on an upward
less accommodative in their monetary policies. Looking forward, global interest rates are therefore likely to be on an upward trend. Amid the trade rift which may make the global economic recovery
Revision (%YoY) of Selected Sectors Forward P/E In certain sectors, Forward EPS estimates have been revised upward and their Forward P/E ratios were below the 5-year average. Source: Bloomberg, data as of
driven by the economic stimulus to recover the country from the massive flooding of 2011. The market outlook improved over the year in line with economic growth and upward trends in the regional securities
, which helped support investors’ confidence. This is despite the fact that this factor, coupled with the stable policy rate, resulted in increased volatility in money and capital markets as well as foreign