Emerging-Market Stocks Roar Higher on Signs of Best Earnings Since 2018
- EM equities have weathered threats from China to stagflation
- Samsung, China Construction Bank scheduled to report this week
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Investors in emerging-market stocks are finally getting rewarded, as promising signs for company earnings prompt the longest weekly rally since June.
For the first time in three years, developing-nation companies are beating profit forecasts, with average earnings coming in 3.6% above analysts’ projections, according to data compiled by Bloomberg. That helped to deliver a third week of gains for the MSCI Emerging Markets Index. Traders are now awaiting results from index heavyweights including Samsung Electronics Co., China Construction Bank Corp., and Sberbank of Russia, all scheduled to report this week.