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Investment Weekly

Diverging earnings
26 April 2024

    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.

    Chart of the week – Diverging Earnings Momentum

    More from this week:

    Market Spotlight

    • Frontier resilience

    Lens on…

    • All that glitters
    • Putting cash to work in portfolios
    • Surprise in Indonesia

    Download the full report PDF, 3.1MB