Analysis: Europe's earnings optimism dwindles with resurgent virus

A sudden tightening of social restrictions to tackle the resurgent coronavirus pandemic across Europe threatens to spoil any stock market boost third quarter earnings might bring.

"In the grand scheme of things, this quarter is one of overall recovery," said Sylvain Goyon head of equity strategy at Oddo BHF in Paris. They will be closely watching outlook statements to see how businesses fared in the weeks following the reporting period and what the impact of a potential failure of the European Union and the UK to strike a free trade agreement might be.Investors will also be analysing how companies are controlling costs and dealing with headwinds such as a stronger euro.

Also encouraging were the results of Daimler <DAIGn.DEW which published forecast-beating third-quarter results, buoyed by a better-than-expected rebound in sales of luxury cars in September.

United States United States Latest News, United States United States Headlines

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

Europe: Stocks open lower after losses in Asia, US[LONDON] Europe's major stock markets dropped in opening deals on Thursday, after losses in Asia and the US, as investors took profits amid fading US stimulus hopes, mixed bank earnings and ongoing coronavirus woes. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks dip on second wave fears, Brexit uncertainty[BENGALURU] European shares ended slightly lower on Wednesday, extending a decline from the previous day as surging coronavirus cases stoked fears of more sweeping lockdowns, with uncertainty over a Brexit trade deal also dampening the mood. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks under pressure, dollar in demand amid resurgent virus fearsREUTERS: Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »