China rebound buoys hopes for stronger-than-expected US, Europe earnings

Refinitiv I/B/E/S data points to a 2.5% decline in earnings growth in the first quarter for STOXX 600In the United States, where major banks have already reported first-quarter results, earnings for S&P 500 companies are seen falling 4.7% in the quarter, an improvement from an expected 5.2% drop seen earlier in April.

That would be a second consecutive quarter of decline, however, marking a corporate recession. Europe is headed for a recession too, the data shows, with a drop in earnings of 5.4% expected in the second quarter. But investors interviewed by Reuters are more optimistic than the headline forecasts suggest, saying not only that growth momentum has rebounded

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis: China rebound buoys hopes for stronger-than-expected US, Europe earningsA big splurge in spending in China after Beijing lifted COVID-19 lockdowns will help cushion quarterly results of the world's biggest companies, investors say, even as forecasts suggest the United States and Europe are heading into a corporate recession.
Source: Reuters - 🏆 2. / 97 Read more »

EUROPE All aboard the tech hype train as earnings rumble inA look at the day ahead in European and global markets from Wayne Cole.
Source: Reuters - 🏆 2. / 97 Read more »