{"id":17211,"date":"2021-10-05T17:57:37","date_gmt":"2021-10-05T16:57:37","guid":{"rendered":"https:\/\/lazardfreresgestion-tribune.fr\/?p=17211"},"modified":"2023-02-08T10:35:21","modified_gmt":"2023-02-08T09:35:21","slug":"market-outlook-s2-2021-equity-markets","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/","title":{"rendered":"Market outlook S2 2021 | Equity Markets"},"content":{"rendered":"<h2>Part 1 : an increase driven by earnings forecasts<\/h2>\n<p>Equity markets have risen sharply since the beginning of the year, driven by strong earnings forecasts. The rise in earnings, which has been even stronger than that of share prices, has led to a contraction in P\/E multiples (Chart 12). Among other reassuring factors, it is of note that relative to risk-free bonds, the return on equities remains historically high.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17199\" src=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-11-1-300x196.png\" alt=\"\" width=\"1254\" height=\"819\" srcset=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-11-1-300x196.png 300w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-11-1-768x501.png 768w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-11-1.png 840w\" sizes=\"auto, (max-width: 1254px) 100vw, 1254px\" \/><\/p>\n<p>However, some measures indicate higher valuation levels than at the peak in 2000, such as the price to sales (Chart 13). Moreover, earnings forecasts are based on high margin assumptions in the US and the pace of upward revisions will be difficult to maintain over the long term. A rise in rates could weigh on the overall level of the markets, but value stocks could then outperform the market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17201\" src=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-12-1-300x207.png\" alt=\"\" width=\"1170\" height=\"807\" srcset=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-12-1-300x207.png 300w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-12-1-768x531.png 768w\" sizes=\"auto, (max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<h2>Part 2 : emerging markets penalized by China<\/h2>\n<p>Emerging equities have underperformed year-to-date. This is mainly due to the contraction of Chinese equities (Chart 14). In addition to signs of a slowing economy in China, there have been a number of sector-specific announcements linked to a new emphasis on \u2018shared prosperity\u2019. These measures have been interpreted as the CCP taking control of the economy and causing an economic slowdown. The authorities have referred to several areas of work, but the reforms are expected to be implemented only gradually. Moreover, maintaining a good level of growth remains a priority because it is a condition for access to this shared prosperity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17203\" src=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-13-1-300x198.png\" alt=\"\" width=\"1164\" height=\"768\" srcset=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-13-1-300x198.png 300w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-13-1-768x506.png 768w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Capture-13-1.png 853w\" sizes=\"auto, (max-width: 1164px) 100vw, 1164px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><em>To download our Economic Outlook click <a href=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/LAZARD-Economic-and-market-outlook-2021_EN.pdf\">here.<\/a><\/em><\/p>\n<p><em>See also:\u00a0<a href=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/economic-outlook-s1-2021\/\">https:\/\/latribune.lazardfreresgestion.fr\/en\/economic-outlook-s1-2021\/<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<p><em>The opinion expressed above is dated September 2021 and is liable to change. Latest available data as of publication date.<\/em><\/p>\n<p><span style=\"color: #333333; font-family: 'Arial',sans-serif; font-size: 8pt;\">This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 &#8211; Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES &#8211; 75008 PARIS, FRANCE<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Part 1 : an increase driven by earnings forecasts Equity markets have risen sharply since the beginning of the year,&hellip; <\/p>\n","protected":false},"author":101016,"featured_media":17170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[231],"tags":[1980,2438,2440,2106,2439],"class_list":["post-17211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-outlook","tag-china-en","tag-earnings-forecasts","tag-emerging-markets","tag-equity-markets","tag-risk-free-bonds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market outlook S2 2021 | Equity Markets<\/title>\n<meta name=\"description\" content=\"Equity markets have risen sharply since the beginning of the year, driven by strong earnings forecasts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market outlook S2 2021 | Equity Markets\" \/>\n<meta property=\"og:description\" content=\"Equity markets have risen sharply since the beginning of the year, driven by strong earnings forecasts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Tribune Lazard Fr\u00e8res Gestion\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-05T16:57:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-08T09:35:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lazard Freres Gestion\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LazardGestion\" \/>\n<meta name=\"twitter:site\" content=\"@LazardGestion\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lazard Freres Gestion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/\"},\"author\":{\"name\":\"Lazard Freres Gestion\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/person\/4a2bad19c535814f1e1473d181f83e9c\"},\"headline\":\"Market outlook S2 2021 | Equity Markets\",\"datePublished\":\"2021-10-05T16:57:37+00:00\",\"dateModified\":\"2023-02-08T09:35:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/\"},\"wordCount\":380,\"publisher\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg\",\"keywords\":[\"china\",\"earnings forecasts\",\"Emerging markets\",\"equity markets\",\"risk-free bonds\"],\"articleSection\":[\"Economic outlook\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/\",\"url\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/\",\"name\":\"Market outlook S2 2021 | Equity Markets\",\"isPartOf\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg\",\"datePublished\":\"2021-10-05T16:57:37+00:00\",\"dateModified\":\"2023-02-08T09:35:21+00:00\",\"description\":\"Equity markets have risen sharply since the beginning of the year, driven by strong earnings forecasts.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage\",\"url\":\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg\",\"contentUrl\":\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#website\",\"url\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/\",\"name\":\"Tribune Lazard Fr\u00e8res Gestion\",\"description\":\"Blog\",\"publisher\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization\",\"name\":\"Lazard Fr\u00e8res Gestion\",\"url\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/03\/LOGOLINKEDINVF-2.png\",\"contentUrl\":\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/03\/LOGOLINKEDINVF-2.png\",\"width\":5000,\"height\":5000,\"caption\":\"Lazard Fr\u00e8res Gestion\"},\"image\":{\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/LazardGestion\",\"https:\/\/www.linkedin.com\/company\/lazard-freres-gestion\/\",\"https:\/\/www.youtube.com\/channel\/UCI1a03ScxMW6clPl82UO_tQ\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/person\/4a2bad19c535814f1e1473d181f83e9c\",\"name\":\"Lazard Freres Gestion\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g\",\"caption\":\"Lazard Freres Gestion\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Market outlook S2 2021 | Equity Markets","description":"Equity markets have risen sharply since the beginning of the year, driven by strong earnings forecasts.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/","og_locale":"en_US","og_type":"article","og_title":"Market outlook S2 2021 | Equity Markets","og_description":"Equity markets have risen sharply since the beginning of the year, driven by strong earnings forecasts.","og_url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/","og_site_name":"Tribune Lazard Fr\u00e8res Gestion","article_published_time":"2021-10-05T16:57:37+00:00","article_modified_time":"2023-02-08T09:35:21+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg","type":"image\/jpeg"}],"author":"Lazard Freres Gestion","twitter_card":"summary_large_image","twitter_creator":"@LazardGestion","twitter_site":"@LazardGestion","twitter_misc":{"Written by":"Lazard Freres Gestion","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#article","isPartOf":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/"},"author":{"name":"Lazard Freres Gestion","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/person\/4a2bad19c535814f1e1473d181f83e9c"},"headline":"Market outlook S2 2021 | Equity Markets","datePublished":"2021-10-05T16:57:37+00:00","dateModified":"2023-02-08T09:35:21+00:00","mainEntityOfPage":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/"},"wordCount":380,"publisher":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization"},"image":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg","keywords":["china","earnings forecasts","Emerging markets","equity markets","risk-free bonds"],"articleSection":["Economic outlook"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/","url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/","name":"Market outlook S2 2021 | Equity Markets","isPartOf":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage"},"image":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg","datePublished":"2021-10-05T16:57:37+00:00","dateModified":"2023-02-08T09:35:21+00:00","description":"Equity markets have risen sharply since the beginning of the year, driven by strong earnings forecasts.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/market-outlook-s2-2021-equity-markets\/#primaryimage","url":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg","contentUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2021\/10\/Panneau-bourse-numerique-scaled.jpg","width":2560,"height":1707},{"@type":"WebSite","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#website","url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/","name":"Tribune Lazard Fr\u00e8res Gestion","description":"Blog","publisher":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/latribune.lazardfreresgestion.fr\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization","name":"Lazard Fr\u00e8res Gestion","url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/logo\/image\/","url":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/03\/LOGOLINKEDINVF-2.png","contentUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/03\/LOGOLINKEDINVF-2.png","width":5000,"height":5000,"caption":"Lazard Fr\u00e8res Gestion"},"image":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/LazardGestion","https:\/\/www.linkedin.com\/company\/lazard-freres-gestion\/","https:\/\/www.youtube.com\/channel\/UCI1a03ScxMW6clPl82UO_tQ"]},{"@type":"Person","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/person\/4a2bad19c535814f1e1473d181f83e9c","name":"Lazard Freres Gestion","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g","caption":"Lazard Freres Gestion"}}]}},"_links":{"self":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts\/17211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/users\/101016"}],"replies":[{"embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/comments?post=17211"}],"version-history":[{"count":4,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts\/17211\/revisions"}],"predecessor-version":[{"id":17218,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts\/17211\/revisions\/17218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/media\/17170"}],"wp:attachment":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/media?parent=17211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/categories?post=17211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/tags?post=17211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}