Stocks fall with U.S. futures as earnings roll in - BNN Bloomberg

European stocks declined as investors parsed a flood of earnings reports from some of the region’s biggest companies.

“Market sentiment remained under pressure in early trading as investors kept limiting their exposure to risk,” said Pierre Veyret, an analyst at ActivTrades. “Investors are also keeping an eye on the corporate front and many are already pricing a negative impact from the current economic and monetary context on company earnings.”

The small shifts in Fed projections underscore the lack of direction at the start of a busy week for economic data and corporate earnings. Data published Monday showed U.S. manufacturing data was weaker than economists forecast, while uncertainty over the debt ceiling persisted. Later this week, U.S. GDP data is forecast to reveal slower growth, and the so-called core PCE deflator, the Fed’s preferred inflation gauge, is expected to show price growth cooled.

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