Finweek English Edition - - In Brief -

De­spite a “po­tent cock­tail of neg­a­tives” that have trou­bled emerg­ing mar­kets this year, in­vest­ment firm Black­Rock has said that it sees po­ten­tial for a re­bound in emerg­ing mar­kets. Black­Rock said it would re­tain an over­weight stance on emerg­ing mar­ket equities. “Is the emerg­ing mar­ket sell-off a ca­nary in the coal mine for global mar­kets? We see it more as a se­ries of idio­syn­cratic ac­ci­dents that have masked stronger emerg­ing mar­ket fun­da­men­tals.” Black­Rock said con­sen­sus at Septem­ber 2018 was that earn­ings per share (EPS) in emerg­ing mar­kets would see growth of 12% next year, com­pared with a global av­er­age growth of 10%.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.