Analysis-Europe Inc earnings season a test for market optimism

12 days ago WTVB

By Joice AlvesLONDON (Reuters) – Europe’s upcoming corporate earnings season is likely to show whether the renewed optimism about the economy that has buoyed equities in recent weeks is grounded in reality. In a sign analysts were unprepared for such optimism, Citi’s economic surprise indicator for the euro zone jumped last week to its highest since July 2021. “Companies are telling us that it’s going to be harder to pass on rising costs to customers in 2023 as economic growth slows,” said Nigel Bolton, co-chief investment officer of BlackRock Fundamental Equities. Fourth-quarter earnings for STOXX 600 companies are forecast to have grown by 10.7% year-on-year, the slowest in two years, according to Refinitiv I/B/E/S data. Earnings are seen bouncing back to growth of 11.4% in the final quarter of the year.
Continue reading...

Read On "WTVB"
More News On "WTVB"
BREAKING NEWS
25 minutes ago - US downs Chinese surveillance balloon, China threatens repercussions 27 minutes ago - US Divers Now Looking For Parts of China Spy Balloon to Study Its Equipment 28 minutes ago - China balloon: Many questions about suspected spy in the sky 31 minutes ago - Ocoa Butter Substitutes (CBS) Market to Witness Huge Growth by Key Players: Wilmar, Cargill, Premium Vegetable Oils Sdn Bhd, Felda IFFCO, Goldenesia 37 minutes ago - Tyre Nichols, who Memphis police brutally beat to death, honored at Sacramento skate shop 38 minutes ago - India's green energy focus in sync with ongoing G20 Presidency 40 minutes ago - Pope: "Protect and advance women for a better South Sudan." 40 minutes ago - Bellator 290 results: Fedor Emelianenko says farewell after quick loss to Ryan Bader in retirement fight 41 minutes ago - Israel’s richest locales show 20% lower cancer death rate than middle-income areas 43 minutes ago - Eyes on the sky as Chinese balloon shot down over Atlantic 43 minutes ago - Bellator 290 results, highlights: Ryan Bader bashes Fedor Emelianenko to retain title as beaten legend retires 46 minutes ago - The truth benders 50 minutes ago - Chinese Foreign Ministry Says Washington 'Overreacting' after Shooting down Meteorological Balloon 51 minutes ago - Fedor Emelianenko suffers first-round loss to Ryan Bader in retirement fight in Bellator 290 main event 53 minutes ago - Alycia Baumgardner Becomes Undisputed 55 minutes ago - State of the Union: Biden sees economic glow, GOP sees gloom 56 minutes ago - UFC Vegas 68 live stream results, play-by-play updates 59 minutes ago - China protests after US jets shoot down suspected spy balloon – KION546 1 hour ago - Meet ‘wonderful’ gardener who's lived in Markeaton Park for decades 1 hour ago - China could 'take further actions' in response to U.S. downing balloon 1 hour ago - A Look at His Career Highlights 1 hour ago - Hofstra drops fifth straight in close contest with Monmouth — The Hofstra Chronicle 1 hour ago - Fedor loses retirement fight - Bellator 290: Bader vs. Emelianenko 2 full results, video highlights 1 hour ago - Dems reshuffle primaries to stress diversity over tradition 1 hour ago - 1279 Days of Indian Terror 1 hour ago - WWE NXT Vengeance Day Results: Bron Breakker Defeats Grayson Waller In Steel Cage Match To Retain NXT Championship, Carmelo Hayes Wants Next Shot (02/04) 1 hour ago - Grateful Son Brad Pitt Flew Family to Mansion for Mom's 80th Birthday - Dad Came from Poverty & Worked Hard for Them 1 hour ago - 12 romantic villages in Wales that could be straight out of a film 1 hour ago - US shoots down Chinese spy balloon over Atlantic ocean 1 hour ago - Pentagon working to recover Chinese spy balloon, expects valuable intel from it 1 hour ago - Drug dealers, abusive partners and burglars among those sentenced in January 1 hour ago - Top MMA expert reveals surprising fight card picks 1 hour ago - China threatens consequences for downed spy balloon, reserves ‘right to take further action’ 1 hour ago - Grammys worst dressed: Red carpet fashion fails from Lady Gaga to Cher 1 hour ago - Explained: What is Chinese spy balloon that was shot down by US Air Force - Check Video 1 hour ago - Coup’s Takeaways: Butler Shines, But So Does Antetokounmpo As HEAT Fall In Road Trip Finale 1 hour ago - UFC Vegas 68: Derrick Lewis vs. Serghei Spivac - live results, video highlights 1 hour ago - NXT Vengeance Day results: Moore’s live review of Bron Breakker vs. Grayson Waller in a cage match for the NXT Title, Roxanne Perez vs. Jacy Jayne vs. Gigi Dolin for the NXT Women’s Title, New Day vs. 1 hour ago - The new face of Nigerian political system 1 hour ago - Samsung Galaxy A14 5G in Nepal: Here’s what the brand’s cheapest 5G phone will deliver 1 hour ago - Boss Ladies of Digital South Asia 1 hour ago - Videocon Group laundered Rs 60,000 crore in name of developing overseas oil and gas assets: ED 2 hours ago - U.S. downs Chinese spy balloon, resulting in a tense exchange between the two nations 2 hours ago - Mount Washington experiences record-setting wind chill 2 hours ago - Bailey: Theatre has to evolve, or it will die 2 hours ago - Bellator 290 results: Live streaming play-by-play updates 2 hours ago - LeBron James NBA all-time scoring record tracker 2 hours ago - WWE NXT Vengeance Day Results: Gallus Defeat The New Day, Pretty Deadly & Chase U To Win NXT Tag Team Championships (02/04) 2 hours ago - Kurohanabi: Hotpot, Okonomiyaki, Yaki Soba & More At EatAtSeven 2 hours ago - LeBron James nears NBA all-time scoring record after 27-point game vs. Pelicans 2 hours ago - 95-Year-Old Ice Rink, ‘Catwalk’: Sask Village’s Video Goes Viral Amid Fundraiser 2 hours ago - 'World cannot ignore India': Andrey Belyaninov 2 hours ago - Incredible weekend of sport on February 25 and 26 includes Jake Paul vs Tommy Fury, Carabao Cup final between Manchester United and Newcastle, Tottenham vs Chelsea, and Six Nations 2 hours ago - London Science Museum says their sponsorship with Adani will continue 2 hours ago - Watch: North Vancouver dog walker shoved in angry confrontation 2 hours ago - Why fans say Liam Wilson CHEATED after Aussie team's protest over 27-second knockdown Navarrete 2 hours ago - Highlights and results: Richardson Hitchins dominates John Bauza, wins for Yankiel Rivera, Skye Nicolson, more 2 hours ago - ‘One of the gutsiest wins I’ve seen’: Unlikely hero explodes in epic Nets win as rivals cop humiliating 25-year first 2 hours ago - UFC Fight Night 218 play-by-play and live results 2 hours ago - Lewis Capaldi ‘nude’ pictures ‘leaked’ on Michael McIntyre’s Big Show
free geoip