French vote, China trade row cast cloud over European earnings
Posted on AllSides June 30th, 2024
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LONDON, July 1 (Reuters) - French political uncertainty and an EU trade spat with China are casting a shadow over European corporate earnings, investors say, despite forecasts that companies are set to deliver better results. Second-quarter earnings for companies in the pan-European STOXX 600 (.STOXX) are seen rising 2% and revenues increasing by 1.7%, LSEG I/B/E/S data shows, in what would be the first quarter of growth since the first three months of 2023. Investors had been warming to Europe's equity markets as the European Central Bank embarked on looser...