02. MACROECONOMICS & STRATEGY
Markets and earnings are at the historical top
12-month EPS forward
Company net margins in Europe
Chart Title
12m forward Margins (%)
14%
14,0%
13%
12%
11%
10,0%
10%
8,5%
9%
8%
7%
4,0%
6%
5%
4%
2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024
2024E
2025E
STOXX 600
S&P 500
Europe
États-Unis
Public Sources : Bloomberg, IBES, BNPP Exane estimates, Rothschild & Co Asset Management – 10/2024 These forecasts are provided for illustrative purposes only. They are assumptions based on data made public by official providers of economic and market statistics. Rothschild & Co Asset Management accepts no responsibility for any decision taken on the basis of this document. This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behaviour. These data are provided for illustrative purposes only. Depending on the date of publication, the information presented may differ from the updated data.
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