Goldman Sachs boosts EM index target with AI

Goldman Sachs has raised its target for the MSCI Emerging Markets Index to 2,000 points from 1,850, supported by strong corporate earnings momentum, especially in the technology and artificial intelligence sectors in North Asia. The markets experienced notable gains of 9 percent in May. This earnings-driven growth is expected to continue, with earnings per share forecasts increasing by 55 percent this year and 20 percent in 2027. Additionally, it was noted that a resolution to the Iranian dispute could help improve the performance of currencies and bond markets in emerging economies.

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