UBS highlights rising expectations and positive sentiment ahead of European earnings season

From Investing.com: 2024-07-06 04:10:05

European earnings season set to begin on July 17 with ASML results. Analysts at UBS note rising expectations and upbeat sentiment fueled by ECB rate cuts. Services sector shines amidst manufacturing weakness. Divergences seen in growing sectors like healthcare and retail versus contracting sectors like transportation and semis.

Second-quarter earnings key marker for progress toward long-term targets. Analysts emphasize critical importance of broader outlook statements as businesses reach fiscal year halfway points. ECB actions and improving business activity contribute to positive sentiment ahead of earnings season. Service sector strengths offset weaknesses in manufacturing.



Read more at Investing.com: UBS outlines what to watch out for in Europe’s upcoming earnings season By Investing.com