$11 Trillion Emerging-Market Lure That Heralds 2019 Revival - Bloomberg:
First, the bad news: corporate earnings across emerging markets aren’t as good as analysts hoped.
In four out of every five emerging economies, company finances have fallen short of estimates that were made 12 months ago, according to a study of 25 benchmarks. That’s even after analysts cut their forecasts by 6 percent since a peak in April.
Now the good news. Stocks across developing nations aren’t as risky as their U.S. counterparts, and they’re good value for money. And thanks to a sell-off this year, $11 trillion of equities are about the cheapest since the financial crisis.
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