Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround
Publishing timestamp: 2024-03-01 08:50:20
Summary
European companies are struggling with high interest rates and disappointing earnings, with many missing expectations in the latest reporting season. The region is facing challenges such as the aftermath of Russia's invasion of Ukraine, energy crisis, and record high inflation. Some companies are turning to share buybacks to boost their stock prices, but analysts are pessimistic about the future of European corporate earnings due to slow growth and lack of monetary policy support.
Sentiment: MIXED
Tickers: .BBKA, OR-FR, FDS, NVO, SHEL-GB, NOVO.B-DK, GSBD, UBSG-CH, UBS, UCG-IT, GS,
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