BlackRock Adds to US and Emerging-Market Equities on Tech Earnings Growth, Valuation Appeal

BlackRock has upgraded its outlook for US equities as geopolitical risks ease and the corporate earnings outlook strengthens. The move reflects a reassessment of risk assets by major investors, with technology-sector earnings growth and attractive valuations seen as key supports for US and emerging-market equities.

BlackRock's latest report showed a 45% surge in earnings expectations for the information technology sector, while valuations had fallen to their lowest levels in recent years, prompting the asset manager to add to its US and emerging-market positions. The reports did not disclose the report's publication date, the timing of the investments or the amount committed, saying only that the fading impact of the war was a key factor behind the outlook upgrade.