US companies’ profits have exceeded forecasts by 4.6%, the European ones by 2% and Japanese firms by 6.7%. This has fuelled a strong rally in the stock markets in just a few weeks. But is there room for the markets to rise further?
The Corner Team via the Bank for International Settlements (BIS) | Japanese banks have recently become once again the biggest suppliers of cross-border bank credit, as they used to be in the 80s. The severe banking crisis of the 1990s, along with banking deregulation in the archipelago, reversed their expansion, the last BIS report points out. Their market share reached a low in 2007 before rebounding.