JPMorgan-Global Developed Markets Strategy Dashboard-110251128

1Global Equity Research9 September 2024J.P. Morgan Equity StrategyMislav Matejka (44-20) 7134-9741, mislav.matejka@jpmorgan.comPedro Martins Junior (55-11) 4950-4121, pedro.x.martins@jpmorgan.comDubravko Lakos-Bujas (1-212) 622-3601, dubravko.lakos-bujas@jpmorgan.comGlobal Developed Markets Strategy DashboardMislav Matejka, CFAAC(44-20) 7134-9741mislav.matejka@jpmorgan.comJ.P. Morgan Securities plcNitya Saldanha, CFA(44-20) 7742-9986nitya.saldanha@jpmorgan.comJ.P. Morgan Securities plcAnamil Kochar, CFA(91-22) 6157 5179anamil.kochar@jpmorgan.comJ.P. Morgan India Private LimitedPrabhav Bhadani, CFA(44-20) 7742-4404prabhav.bhadani@jpmorgan.comJ.P. Morgan Securities plcKarishma Manpuria, CFA(91-22) 6157 4115karishma.manpuria@jpmorgan.comJ.P. Morgan India Private LimitedTable of ContentsPage #Markets and Global Sectors Performance2Key Global Markets Performance3Profit Outlook:Changes in 2024 and 2025 EPS Forecasts by Country/Region4Changes in 2024 and 2025 EPS Forecasts by Sector52024 EPS by Sector for US, UK, Japan and Eurozone62025 EPS by Sector for US, UK, Japan and Eurozone7+ve to -ve EPS Revisions by Country/Region8EPS Growth by Sector for Key Regions9Regional and Country Valuations10Sector Valuations by Region11Regional Valuations:12 month Forward PE12Price to Book13Cycle-Adjusted PE14Regional Dividend Yield Gap15See page 16 for analyst certification and important disclosures, including non-US analyst disclosures.J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Global Equity Research9 September 2024Global Equity StrategyPedro Martins Junior, CFAAC(55-11) 4950-4121pedro.x.martins@jpmorgan.comBanco J.P. Morgan S.A.EM Equity StrategyRajiv Batra(65) 6882-8151rajiv.j.batra@jpmorgan.comJ.P. Morgan Securities Singapore Private LimitedDubravko Lakos-BujasAC(1-212) 622-3601dubravko.lakos-bujas@jpmorgan.comJ.P. Morgan Securities LLCUS Equity Strategy2Global Equity Research9 September 2024J.P. Morgan Equity StrategyMislav Matejka (44-20) 7134-9741, mislav.matejka@jpmorgan.comPedro Martins Junior (55-11) 4950-4121, pedro.x.martins@jpmorgan.comDubravko Lakos-Bujas (1-212) 622-3601, dubravko.lakos-bujas@jpmorgan.comMarkets and Global Sectors Performance (%)MSCI World (DM)MSCI USMSCI EuropeMSCI Japan1 week12M1 week12M1 week12M1 week12MEnergy-5.4%-4.4%-5.6%-5.4%-5.4%-7.1%-5.6%15.5%Materials-5.1%4.9%-4.8%9.6%-4.4%5.0%-6.8%1.6%Industrials-4.5%16.9%-4.5%19.8%-4.5%16.8%-6.0%9.0%Discretionary-3.6%7.3%-2.9%11.0%-5.9%-2.3%-5.0%-1.2%Staples0.2%10.6%0.5%17.5%-0.6%-1.6%1.4%1.9%Health Care-2.6%16.2%-2.2%17.0%-3.3%14.8%-5.3%9.9%Financials-2.6%26.1%-3.4%29.7%-2.6%20.8%-3.2%28.3%IT-7.2%26.2%-7.1%27.9%-9.9%13.3%-7.6%9.1%Telecom-4.4%23.3%-5.0%24.7%1.1%16.3%-2.7%11.2%Utilities0.2%19.9%-0.5%24.7%2.3%11.7%-2.