All the latest on indices
Understand index performance with our monthly report. Discover the movements of key indices and find out how economic events have affected prices.
From bitesize highlights to in-depth analysis of recent activity, use our report to help stay informed. Smarter trading starts here.
Highlights from our latest issue:
S&P 500 EPS rose 27.6% YoY in Q2 but this appears to have been flattered by temporary factors.
The S&P 500 forward implied equity risk premium has fallen to 2.15%, raising our estimate of modified duration to about 45
years, making index valuation highly sensitive to long-term bond yields.
FTSE 100 companies have announced significant buybacks. Incorporating these into a Total Shareholder Yield model, we estimate the FTSE 100 index is modestly under-valued.
ZEW Survey confidence lifted in August. But rising Bund yields, solid EPS growth expectations, and a solid forward P/E suggest significant headwinds.