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Analysis: Investors see trouble ahead after Europe's stellar first quarter

May 19, 2023
Source: reuters.com reuters.com
News Snapshot:
Summary Summary Companies STOXX 600 earnings seen growing 7.3% in Q1- Refinitiv I/B/E/S European stocks off highs Net profit margins seen declining in Q3 - Refinitiv I/B/E/S Resilient consumer continues to absorb higher prices - Bernstein LONDON, May 19 (Reuters) - Big European companies have delivered significantly stronger than expected first-quarter results, defying a challenging economic backdrop that includes surging inflation and rising interest rates. But European stocks are down from a 14-month high in April, as investors worry about the health of the global economy, falling customer demand and pressures building on profit margins. About half of the STOXX...
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