Europe's Earnings Season Reflects Downbeat Economy Amid Low Investor Expectations and Interest Rate Reality Check for Banks
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#3fef7fc7 ver:0.3

Europe's earnings season is off to a poor start, with a majority of companies publishing weaker-than-expected results. Analysts expect this earnings season to reflect a downbeat economy that narrowly missed a recession . However, companies that deliver positive surprises are being rewarded by investors. Bank of America Corp. has compiled a tracker showing that investors are lifting the shares of companies that surpass earnings-per-share estimates, while being less severe with those that undershoot expectations. Market strategists believe that a year-end rally in European stocks is unlikely due to soaring bond yields, a conflict in the Middle East, and a challenging earnings season. The average forecast of 16 strategists in a Bloomberg survey predicts that the Stoxx Europe 600 index will en...

#newstr #Europe #EarningsSeason #InvestorExpectations #DownbeatEconomy #InterestRates #EuropeanBanks 

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