Earnings growth for the S&P 500 to be flat in 2023, followed by 9% growth next year – UBS

The beginning of the third-quarter earnings season has been relatively lackluster. Economists at UBS analyze equities outlook.

US earnings set to improve, despite slow start

We continue to expect S&P 500 EPS growth of 3-4% in the third quarter, representing a beat of a similar magnitude relative to consensus expectations.

Overall, we expect earnings growth for the S&P 500 to be flat this year, followed by 9% growth next year.

We maintain our June 2024 and December 2024 S&P 500 price targets of 4,500 and 4,700, respectively, from 4,224 at the end of last week.

Oct 23, 2023

EUR/USD to hover around 1.05/1.06 into and after the ECB meeting – ING

EUR/USD has continued to find good support despite US 10-year yields reaching 5% and risk sentiment staying unstable. Economists at ING analyze the pa

USD/CHF seen recovering to the 0.92 area on a three-month view – Rabobank

At the start of last week, less hawkish remarks from some Fed officials likely contributed to the push lower in USD/CHF. Economists at Rabobank analyz