JPMorgan-Global Developed Markets Strategy Dashboard-110540791

1Global Equity Research30 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 Research30 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 Research30 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-1.4%-5.5%-0.9%-5.0%-4.3%-13.8%0.4%10.6%Materials4.7%19.8%3.1%24.4%6.3%17.3%6.6%14.2%Industrials2.2%30.5%1.4%34.2%2.6%29.4%6.0%24.6%Discretionary3.1%23.7%1.7%30.3%9.6%11.5%4.3%4.7%Staples1.1%14.0%0.1%21.1%3.3%0.9%4.2%7.8%Health Care-0.9%16.6%-1.1%18.6%-0.7%11.2%1.7%11.7%Financials0.0%31.9%-0.4%37.1%1.4%24.9%-0.6%19.4%IT1.5%49.1%1.2%51.0%4.2%35.2%6.7%26.8%Telecom1.1%36.6%1.0%40.2%1.0%17.5%2.3%14.4%Utilities1.3%27.8%1.1%35.7%1.5%15.0%4.6%6.5%Real Estat