Earnings Season Looms As European Stocks Continue To Outperform
Earnings season on Wall Street is well underway, and has got off to a relatively solid start, with bank results broadly beating expectations, allaying some concerns around the stability of the financial sector. Despite this, the index is currently reporting a 6.5% YoY earnings decline, the second quarter running that we have seen a drop in earnings. While US firms continue to report, and ‘big tech’ results come into focus next week, European earnings season is also just getting underway.
