JPMorgan raises year-end target for MSCI Emerging Markets Index by 27%

Glonghui June 17｜JPMorgan has raised its year-end target for MSCI Emerging Markets stocks by 27%, stating that the reopening of the Strait of Hormuz will help revive trading in emerging markets, while the technology sector will remain the main driver. The year-end target for the MSCI Emerging Markets Index for 2026 has been raised from 1575 points to 2000 points, representing an upside of approximately 13% compared to Tuesday’s closing level. JPMorgan also expects that lower oil prices will benefit oil-importing countries, projecting an average Brent crude oil price of 96 USD per barrel in 2026, dropping to 75 USD per barrel in 2027.