Schroders Investment Management's Keiko Kondo has shared her insights on global market performance.

She noted that global markets have delivered strong returns this year, with the S&P 500 index rising nearly 10%. Some Asian markets, such as South Korea, have seen even more dramatic gains, soaring between 60% and 70%.

However, Kondo highlighted a crucial observation. The increase in earnings expectations for these markets has outpaced the rise in their share prices. This dynamic indicates that, despite the significant rallies, valuations have not become more expensive compared to the start of the year.

Analysts continue to maintain a positive outlook on the profit prospects for the energy and technology sectors.