We continue to see solid global growth, which we believe will help to boost
global equity earnings.
Not exact matches
«
Global fund managers see the profit outlook in Japan as favorable amid a strong
earnings season,» Shusuke Yamada, chief Japan FX /
equity strategist at BoAML, said in a statement.
Vincent Roy, BlackRock's managing director of scientific active
equity, points out that the S&P / TSX
global gold index is trading at 16 times
earnings, about half of where it traded in 2009.
The bearish sentiment in Asia followed a softer lead from Wall Street, which has led a
global equities rally over the past year thanks to strong world growth fueling higher corporate
earnings and stock valuations.
NEW YORK, April 30 -
Global stock indexes were flat to slightly higher after upbeat
earnings and deal news on Monday, while the U.S. «If the previous several weeks of
earnings season are any indication, corporate results should continue to act as a buffer to any meaningful turn lower in
equity markets,»...
MSCI's all - country index of
global equities is up 1.3 percent for April ahead of another torrent of first quarter
earnings, with Apple the standout report on Tuesday.
Analysts have been revising up their
earnings expectations for
global equities in 2017 — a departure from the pattern of downward revisions during first - quarter reporting over the last five years.
U.S.
equity futures advanced while stocks in Europe followed Asian peers lower as investors began to switch their attention away from the Federal Reserve and back to
earnings and the outlook for
global trade.
Concerns about
global trade tensions between China and the U.S. and the fear that the stellar
earnings could be as good as it gets for stocks are all combining to undermine the sort of confidence that was in abundance during last year's run of repeated records for
equity benchmarks, as the U.S. economy enters it ninth year of expansion and as the Federal Reserve moves to normalize monetary policy from crisis - era levels.
Our view of a modestly higher U.S. dollar further supports the case for non-U.S.
equities as export - driven
earnings get a further boost from a healthy
global trade backdrop.
For instance, as measured by price - to -
earnings (P / E) and price - to - book (P / B) valuations metrics, EM stocks continue to trade at a roughly 30 % discount to the broader
global equity market (source: MSCI, as of 3/31/2015).
Fundamentally speaking,
equities remain on solid footing and
earnings expectations for S&P 500 companies have been revised higher, thanks largely in part to a growing
global economy and tax reform.
Due to the
global economic slowdown last year and the very strong U.S. dollar and Chinese yuan, we experienced a significant
earnings recession for the S&P 500 and other major
global equity markets.
In the near term, we see a
global recovery in corporate
earnings underpinning
equity markets.
Friday April 27: Five things the markets are talking about Overnight,
global equities have nudged a tad higher, supported by a plethora of strong
earnings results in the tech sector mostly.
As of noon Friday,
global equities rose modestly this week, boosted by broad strength in commodities and a strong start to
earnings season.
Global equities set record highs again during the week, against a backdrop of solid economic and
earnings growth.
Equities should continue to benefit from underlying fundamentals like
global economic and
earnings growth, and we expect new highs in U.S. and international
equity markets this year.
Global equity markets broadly appear to be pricing in significant
earnings growth, but we believe some regions such as Europe and Asian emerging markets were more attractively valued than their US counterparts as of late 2017, making it increasingly important for investors to focus on individual company fundamentals.
Despite the recent fluctuations and concern about major corrections in
global equity markets, Craig Erlam, senior market analyst at Oanda, says fundamentals, like corporate
earnings, remain positive.
I'd add this to the list of factors supporting more exposure to
equities, including our expectations of a synchronized
global earnings recovery and sustained economic expansion.
Buoyed by sustained
global earnings momentum, developed market (DM) /
global equity ETFs accumulated $ 25 billion in flows (see International stock ETP flows).
First Asset
Global Momentum Class ETF (TSX: FGL) The First Asset
Global Momentum Class ETF's investment objective is to seek to provide shareholders with long term capital appreciation, through investing the ETF's portfolio to gain exposure to
equity securities of companies primarily from developed markets that exhibit strong price and
earnings momentum characteristics.
First Asset
Global Momentum (CAD hedged) Class ETF (TSX: FGM) The First Asset
Global Momentum (CAD hedged) Class ETF's investment objective is to seek to provide shareholders with long term capital appreciation, through investing the ETF's portfolio to gain exposure to
equity securities of companies primarily from developed markets that exhibit strong price and
earnings momentum characteristics.
Aside from the risk of slowing economic growth in the U.S. and the G7 countries, there is a strong risk that
global earnings may slow enough to spook
equity investors, especially those who are overweighting highly cyclical industries.
The average forward price - to -
earnings (P / E) ratio of emerging market
equities is currently in the range of 12 to 13, compared with 14 to 15 for
global equities.
Buoyed by sustained
global earnings momentum, developed market (DM) /
global equity ETFs accumulated $ 25 billion in flows (see International stock ETP flows).
«If we adjust
earnings to normal and apply an average P / E, you can finally build a decent portfolio today of
global equities at a respectable long - term return,» he said.
According to Jens Moestrup Rasmussen, steady macroeconomic growth and solid corporate
earnings continue to fuel
global equity markets.
In the near term, we see a
global recovery in corporate
earnings underpinning
equity markets.
Andrew Roberts, the bank's credit chief, said both
global trade and loans are contracting, a nasty cocktail for corporate balance sheets and
equity earnings, and uncharted waters given that debt ratios have reached record highs.
EM
equities are trading at a 24 % discount to
global developed markets on forward
earnings multiples, according to Bloomberg data.
Global reflation, a strong
earnings recovery and attractive
equity risk premiums also should support international stocks.
We value
global equity markets as the sum of dividend yield and growth in
earnings, capturing market return in a constant - yield environment, as well as considering the reversion of CAPE to its long - term average.3
The Policy Portfolio and the Next
Equity Bear Market Fed Leaves Punchbowl, Takes Away Free Lunch (of International Diversification) Five
Global Risks to Monitor in 2012 Rising
Global Interest Rates Create Headwinds Three Profit Metrics to Avoid
Earnings Season Myopia Changes in the Inflation Rate Matter as Much to Investors as the Level An Uneven
Global Recovery — Lingering Effects of the Credit Crisis Perspectives on «Non-Traditional» Monetary Policy Do Past 10 - Year Returns Forecast Future 10 - Year Returns?
Low Quality's Round Trip Bad News Bulls Stock Performance Following the Recognition of Recession The Beginning of the Middle Experimenting with the Market's Median Valuation Anchored Inflation Expectations and the Expected Misery Index Consumer Spending Break - Down Recessions and the Duration of Bad News Price - to - Sales Ratio May Prove Valuable International Markets Show Important Divergences Fixed Investment and the Technology Rally
Global Yield Curves,
Earnings Growth, and Sector Returns Recessions and Stock Prices Adjusting P / E Ratios for the Market Cycle Private
Equity and Market Valuation Must Stocks Rise Following a Cut in the Fed Funds Rate?
Figure 5 displays the relationship between real
global 10 - year
equity returns7 (represented by the S&P 500, MSCI EAFE, and MSCI Emerging Market indices) and the average of the starting dividend and trailing 12 - month
earnings yields.