2017 is on track to be the first year since 2010 when all major regions should be posting earnings growth, Citi strategists including Robert Buckland write in note.
The U.S. (+11%), U.K. (+22%), Europe ex-U.K. (+19%), Japan (+13%) and emerging markets (+23%) are all expected to see healthy EPS increases in 201. Rising real GDP and higher oil prices help drive synchronized global EPS growth Economic growth in each region propels company sales and profits but this is not enough to deliver growth everywhere; higher oil prices are required for commodity-sensitive U.K. and EM EPS.
Source: Bloomberg
Trader Bozhidar Arabadzhiev
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