Here are the opening calls
Britain’s FTSE 100 is seen around 42 points lower at 7,414, Germany’s DAX is set to shed around 93 points to 15,260 and France’s CAC 40 is expected to drop around 47 points to 7,067.
— Elliot Smith
CNBC Pro: Eli Lilly and more: Strategist names 5 stocks set for ‘significant’ earnings growth
Rising rates and the possibility of a recession on the horizon have created a “mixed picture” for equity markets, according to one strategist — but several companies can look forward to markedly stronger earnings growth in the next year.
“When you look at what companies are saying about next year, they’re not really being overly cautious or overly bullish … So, you get a sense that into next year, earnings will be robust in terms of steady year-on-year [growth],” Rahul Ghosh, portfolio specialist, equity division at T. Rowe Price, told “Street Signs Asia” on Thursday.
“But, if you’re looking for significant earnings expansion, I suspect, at a market level, that’s probably less likely. You really have to dig into individual companies and sectors.”
Ghosh is looking favorably at three sectors — and named some of his favorite stocks.
— Amala Balakrishner