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Investment Weekly

Stocks and the soft landing
08 March 2024

    Chart of the week – Stocks and the soft landing

    Investors look to be in jubilant mood, with global indices hitting fresh all-time highs. But caution on developed market equities is warranted given that forward price-earnings ratios are well above their post-financial crisis average. By contrast, emerging market stocks trade on valuations that look less stretched, with a growth outlook that is relatively strong.

    Chart of the week – DM vs EM equity valuations

    More from this week:

    Market Spotlight

    • China’s growth ambitions

    Lens on…

    • Who will blink first?
    • Turkish delight
    • High times for Asia high-yield

    Download the full report PDF, 3.1MB