The subscription-based offering includes daily updates of aggregated analyst forecasts and a more comprehensive weekly analysis of trends and key sentiment driving events, with video commentaries.
The S&P Europe 350 Index includes corporations domiciled in 17 major European markets, covering approximately 70% of the region's market capitalisation. S&P Capital IQ polls individual bottom-up equity analysts for their corporate earnings forecasts, and then calculates an analyst mean estimate for each corporation that is included in the index.
âThis aggregation of expert earnings estimates across the entire S&P Europe 350 Index will provide our clients with a unique summary of analyst sentiment towards all corners of European industry,â says Victoria Chernykh, Director at S&P Capital IQ. âThe importance of daily updates to track sentiment is underscored by the current market volatility, where dramatic shifts in expectations often take place overnight.â
Using S&P Capital IQ data and analytics, this information is aggregated at the index level and for the 10 distinct Global Industry Classification Standard (GICS) groups representing the overall index. As of November 18th, sector leaders for calendar-year 2011 earnings were materials (21.76% expected year-on-year growth) and energy (19.49% expected year-on-year growth). According to data also collated on November 18th, earnings laggards for calendar-year 2011 included the utilities sector (year-on-year decline of 17.89% expected) and financials (year-on-year decline of 18.65% expected).