Morgan Stanley Asia and emerging markets equity strategist Daniel Blake projects MSCI Emerging Markets index EPS to rise 40% in 2026 and slow to 9% in 2027, slightly below consensus. He says recent earnings consensus revisions in EM have been driven

2026-06-03

Morgan Stanley Asia and emerging markets equity strategist Daniel Blake projects MSCI Emerging Markets index EPS to rise 40% in 2026 and slow to 9% in 2027, slightly below consensus. He says recent earnings consensus revisions in EM have been driven mainly by information technology and energy. The firm favors North Asia, Brazil, Greece, Hungary and Saudi Arabia, prefers China A‑shares, and highlights capital expenditure (capex) outperformance versus consumption.