| Market Closed - Switzerland 11:50:00 2024-05-06 am EDT | 5-day change | 1st Jan Change | ||
| 508.2 PTS | +0.53% |
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+0.05% | +6.10% |
| May. 06 | Wall Street Cues, Interest Rates Boost European Bourses Midday | MT |
| May. 06 | EU Commission OKs Nippon Steel’s United States Steel Takeover | MT |
European companies are seen reporting a smaller growth in earnings in the fourth quarter than previously expected but are still set to end a nine month long corporate recession, according to data released on Tuesday.
Companies listed on the pan-European STOXX 600 index are seen reporting a 1.3% year-on-year rise in earnings per share, according to the latest data from I/B/E/S Refinitiv.
This still constitutes an improvement for a region that has suffered three straight quarters of declining profits.
The anticipated growth rate has however come down in recent weeks, shrinking from a high of 5.5% in early November to 2% last week.
(Julien Ponthus, edited by Dhara Ranasinghe)
Highest increases |
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The sharpest declines in . |
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| -3.63% | |
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