Salient to Investors:
Koji Toda at Resona Bank said money that risk money that fled Europe’s debt crisis is gradually returning to places where there is policy optimism.
Tim Leung at IG Investment said China’s economic momentum is slowing – the market expects the Chinese government to help accelerate the economy.
Richard Fisher at Federal Reserve Bank of Dallas opposes additional stimulus and said global central banks may not be able to undertake further stimulus.
Bloomberg said the MSCI Asia Pacific Index trades at 12.3 times estimated earnings, versus 13.6 for the S&P 500 Index and 11.6 for the Stoxx Europe 600 Index.