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Analysts publish earnings and dividend estimates for emerging market companies, ending the longest financial crash in the financial crisis since the financial crisis.
same number of months to recover from a settlement of 5.3 billion US dollars, the average projection of corporate profits for the next 12 months has reached its highest level since August 10th. According to data compiled by Bloomberg, the dividend projection reached its highest level in four months.
Ratings near the lows since the start of a two-year recovery in 2016 are beginning to attract investors to developing-country stocks, which entered a bear market this year after a 258 fall calendar days.
Some fund managers say that the impact of a trade war between the United States and China and the turmoil of the weakest economies, such as Turkish politics and the tightening of the Federal Reserve's policy, is already reflect in the market prices.
Earlier this month, the emerging markets MSCI indicator reached the lowest valuation since the financial crisis. against the S & P 500 index, with a 36% reduction. This corresponds to a five-year trend, when developing country equities are trading at a discount of at least 33%.
US stocks have fallen in 15 of the last 20 days.
Over the past two weeks, Emerging Markets securities have recovered some of the lost ground and are trading at a discount of 34%.
Fund managers such as Reichold believe that losses on US badets could be a blessing for developing countries because they could stop the flight of capital to dollar values.
While emerging market equities have fallen 23% since the January high, corporate fundamentals have improved. For the first time since 2011, the MSCI indicator companies are generating enough earnings to meet badysts' estimates, expected 12 months earlier.
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