Investment Weekly
Chart of the week – Diverging Earnings Momentum
US profits expectations for the full year 2024 have been on an improving trend over the past few months. By contrast, most EM stock markets have seen a downward trend in revisions, led by China, Hong Kong, and ASEAN. In part, this divergence reflects the strain of potentially higher-for-longer Fed rates, FX volatility and China macro challenges. But it’s not all bad - with Q1 earnings in Asia so far modestly surprising to the upside.
More from this week:
Market Spotlight
- Frontier resilience
Lens on…
- All that glitters
- Putting cash to work in portfolios
- Surprise in Indonesia