Hello 
Where can i find 1half year earning from european stocks?
DAX FTSE CAC40 but also emerging markets?
here some news from FT
FT Alphaville » Blog Archive » Draaisma: “The Bear Market Rally is Over”
MSCI Europe is now up 11% since its trough on March 17. The biggest certainty for the next 12 months, in our view, is that there will be a big earnings miss, as margins are at all-time high levels while top-line growth is slowing and costs are rising, and expectations are too high. However, as is common in bear markets, we expected a bear market rally of 10%+ on the back of a drastic policy reaction to the problems at hand….
We forecast a 16% fall in European earnings in 2008. Consensus earnings expectations have been cut 6% so far this year but still imply 6% growth, which is unrealistic in our view. Several other macro-economic triggers seem likely to get worse in the coming months too as US foreclosures rise, the UK mortgage and housing markets deteriorate and the credit crunch hits continental European growth. In general we’re set for a sustained period of weak economic growth in western economies as the credit crunch impact takes a long time to play out. Conversely, the growth dynamic in some of the major emerging economies is underpinned by secular forces (urbanisation, infrastructure spending, technological adoption) and should prove resilient to the developed world slowdown. In turn, that means commodity prices are unlikely to ease significantly this year, in our view; this supports our positive bias to the oil, utilities and materials sectors.
how does it really look ?
WIG20 (polish market with 20 biggest comapnies) earnings was up 50% (!) h/h obout 20% better than forecast
WIG40 (mid cap) was little disappointing but still in line...
We forecast a 16% fall in European earnings in 2008. Consensus earnings expectations have been cut 6% so far this year but still imply 6% growth, which is unrealistic in our view.
MAybe thay are wrong and its time for bargain hunting ?
salut
Where can i find 1half year earning from european stocks?
DAX FTSE CAC40 but also emerging markets?
here some news from FT
FT Alphaville » Blog Archive » Draaisma: “The Bear Market Rally is Over”
MSCI Europe is now up 11% since its trough on March 17. The biggest certainty for the next 12 months, in our view, is that there will be a big earnings miss, as margins are at all-time high levels while top-line growth is slowing and costs are rising, and expectations are too high. However, as is common in bear markets, we expected a bear market rally of 10%+ on the back of a drastic policy reaction to the problems at hand….
We forecast a 16% fall in European earnings in 2008. Consensus earnings expectations have been cut 6% so far this year but still imply 6% growth, which is unrealistic in our view. Several other macro-economic triggers seem likely to get worse in the coming months too as US foreclosures rise, the UK mortgage and housing markets deteriorate and the credit crunch hits continental European growth. In general we’re set for a sustained period of weak economic growth in western economies as the credit crunch impact takes a long time to play out. Conversely, the growth dynamic in some of the major emerging economies is underpinned by secular forces (urbanisation, infrastructure spending, technological adoption) and should prove resilient to the developed world slowdown. In turn, that means commodity prices are unlikely to ease significantly this year, in our view; this supports our positive bias to the oil, utilities and materials sectors.
how does it really look ?
WIG20 (polish market with 20 biggest comapnies) earnings was up 50% (!) h/h obout 20% better than forecast
WIG40 (mid cap) was little disappointing but still in line...
We forecast a 16% fall in European earnings in 2008. Consensus earnings expectations have been cut 6% so far this year but still imply 6% growth, which is unrealistic in our view.
MAybe thay are wrong and its time for bargain hunting ?
salut
