It looks like an initial target has been achieved. |
Rising oil prices have been a major concern and there are some optimists out there who say earnings growth will be able to weather the current prices, |
The consensus is still that consumer spending in the U.S. will hold steady. But as it comprises two thirds of the economy, even a small decline would slow down the economic recovery and hurt Japanese exports. |
The data underlined the recovery trend in the economy and was considered nothing new. |
The market's main focus lies on earnings. So the trend will likely stay resilient due to the current flow of upward revisions. |
The recent tech gains were supported by a wave of upward revisions to earnings forecasts. But for those shares to go further from here, investors need to know how they are going to perform next year. |
There are definitely earnings fears creeping in the market, |
There are definitely earnings fears creeping in the market. Investors are seriously questioning whether Japanese companies can really attain existing earnings growth forecasts for next year. |