Europe stocks set for mixed open on Fed decision day; earnings roll in

have reported second-quarter results. Of the firms that have reported, 76% have topped earnings expectations while 62% have beaten revenue estimates, according to Refinitiv.

According to the blended growth rate, which includes companies that have reported and have yet to share results, earnings are expected to fall 7.7% from a year ago. The energy sector is expected to see the largest decline.The International Monetary Fund on Tuesdayturning slightly more positive despite slowing momentum from China.

In the latest update to its World Economic Outlook, the IMF raised its 2023 global growth prediction by 0.2 percentage points to 3%, up from 2.8% at its April assessment. The IMF kept is 2024 growth forecast unchanged at 3%. In terms of inflation, the Fund also expects an improvement from last year. Headline inflation is projected to reach 6.8% this year, falling from 8.7% in 2022. However, core inflation, which strips out volatile items, is seen declining more slowly to 6% this year, from 6.5% last year.

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