Breakingviews - European earnings add weight to economic bear case

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

It’s only early in the financial-reporting season for European companies. But macro bears will already be able to find all the doom and gloom they could ever want. Three consumer-facing groups plunged in value on Thursday after disappointing announcements.

The surprise is that investors weren’t braced for the news. Granted, ubiquitous rate hikes in Western economies haven’t translated into soaring unemployment. But pricey recipe kits and premium toilet paper are relatively easy ways for pinched consumers to save money. Before the results, all three companies were priced at a premium to the STOXX Europe 600 Index

using 12-month forward price to earnings multiples, suggesting possible shareholder complacency. After Thursday’s bruising falls, investors are unlikely to get caught napping again.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 470. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen