Business & Finance
Soaring Profits in EM Build the Case for a Raging Bull Market
Key Points
Soaring Profits in EM Build the Case for a Raging Bull Market For the first time in four years, companies in emerging markets are beating profit estimates, giving investors a fresh reason to believe the bull market is just getting started. Companies in the MSCI EM Index have reported average annual earnings above expectations set a year ago for the first time since April 2022, according to data compiled by Bloomberg. Asian tech firms are driving the results, but profits are also improving in...
Soaring Profits in EM Build the Case for a Raging Bull Market
For the first time in four years, companies in emerging markets are beating profit estimates, giving investors a fresh reason to believe the bull market is just getting started.
Companies in the MSCI EM Index have reported average annual earnings above expectations set a year ago for the first time since April 2022, according to data compiled by Bloomberg. Asian tech firms are driving the results, but profits are also improving in other sectors of the market, like Indian oil refiners and Brazilian electricity companies.
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