Join our webinar on Thursday, 19 May as we explore the impact of sustained inflation on dividend payments in 2022… https://t.co/jUwPoVmJFw
Glimpses of risk taking amid tail-risk event
Research Signals - February 2022
Most regional equity markets extended their losses into February as concerns over higher inflation and ensuing central bank interest rate hikes and monetary tightening were exacerbated by the escalation in the Russia-Ukraine conflict. However, high momentum and risk shares outperformed in several regional markets (Table 1), suggesting investors saw some glimmer of optimism, including that suggested by a mild upturn in the J.P.Morgan Global Manufacturing PMI led by Europe and the US, though a darkening geopolitical backdrop may pose significant risk to demand.
- US: High momentum and risk shares, as tracked by Rational Decay Alpha and 60-Month Beta, respectively, picked up steam in February, despite the market selloff
- Developed Europe: Firms with positive analyst outlook outperformed last month, as measured by 3-M Revision in FY2 EPS Forecasts and 2-Year Ahead EPS Growth
- Developed Pacific: High quality firms gauged by Inventory Turnover Ratio and Net Operating Asset Turnover outperformed in February
- Emerging markets: Investors favored low risk shares last month, as captured by 24-Month Value at Risk
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
Join our webinar next week in partnership with Supply Management Insider as the industry experts unveil the necessa… https://t.co/iibJIqHM00
S&P Global KY3P® is proud to co-sponsor Vendor & Third Party Risk USA with our own Peter Pernebo speaking on 1 June… https://t.co/x9Sj4WxoBJ