Think Investing in Asia
By Saghir Aslam
(The following information is provided solely to educate the Muslim community about investing and financial planning. It is hoped that the Ummah will benefit from this effort through greater financial empowerment, enabling the community to live in security and dignity and fulfil their religious and moral obligations towards charitable activities)
The Asian Development Bank raised its 2017 and 2018 growth forecasts for the region, rising exports as manufacturers of smartphones to cars to other consumer goods benefited from improving demand. Developing Asia-made up of 45 countries in the Asia-Pacific region-is expected to grow 5.9 percent and 5.8 percent this year and next, the update of its Asian Development Outlook on Thursday. They are a step up from April forecasts of 5.7 percent for both years. An upturn in global demand since last year has given trade-Dependent Asian economies much needed momentum, the United States Europe also showing improving growth. The update of the Development Outlook raised China’s 2017 and 2018 growth forecasts to 6.7 percent and 6.4 percent respectively, from 6.5 percent and 6.2 percent driven by strong consumption and improving shipments. China’s economy beat expectations with 6.9 percent growth in the second quarter, in part driven by firmer exports and production, which could heighten trade tensions as the US and Beijing begin economic talks on Wednesday. Despite lingering uncertainties surrounding the strength of the global recovery, the region’s economies are well-placed to face potential shocks to the outlook, Inflation across the region is expected to remain under control, helped by well-behaved food and fuel prices, this year’s inflation projection 15, 2.6
Discussing the Asian Market I am sure some of you are already aware but let me share me with you Pakistan Stock Market has been on fire for the last few years. Pakistan Stock Market has been shining Star in the region heighting new heights every year for the last several years, Globally, Pakistan is not much in the picture for example you have to search hard to find A,D,R or individual stalks which are researched by Major Companies such as Morgan Stanley or WUELLSFARGO Gorman Sacks when you ask them or discuss with them Pakistan Stock Market they do understand and accept that Pakistan Market has booming for last few years but they are not able to give you companies to invest in. Even though, there are many companies hitting new heights month after month and year after year.
I personally, discussed with the staff brokers that I deal with and they are not able to help or guide me to invest in Pakistan. From Pakistan side efforts need to be made for Pakistan Stock Market to enter the Global picture.
Japan’s exports rise
Meanwhile, Japan’s exports rose for a seventh straight month in June led by shipments of cars and electronics, an indication external demand continues to support a gradual economic recovery and backing the central bank’s upbeat economic view Japan’s economy grew at an annualised 1.0 percent at the start of this year, posting a fifth straight quarter of growth. Whether it can extend gains depends on the strength of domestic demand, which has been a soft spot in the world’s third largest economy,” The economy likely expanded for a sixth straight quarter in April-June as private consumption and public investment probably turned out strong”. By destination, Japan’s exports to the United States rose 7.1 percent in June from a year ago, posting a fifth straight month of gains, due to increased shipments of cars. The trade surplus with the United States fell 4.9 percent to 587,4 billion yen ($5.25 billion) due as imports jumped 19.3 percent in the year to June, led by crude oil and coal.
(Saghir A. Aslam only explains strategies and formulas that he has been using. He is merely providing information, and NO ADVICE is given. Mr Aslam does not endorse or recommend any broker, brokerage firm, or any investment at all, nor does he suggest that anyone will earn a profit when or if they purchase stocks, bonds or any other investments. All stocks or investment vehicles mentioned are for illustrative purposes only. Mr Aslam is not an attorney, accountant, real estate broker, stockbroker, investment advisor, or certified financial planner. Mr Aslam does not have anything for sale. This article is written in collaboration withWalt Hommerding of Wells Fargo advisers.)