European stocks are set to slip after reaching a two-year high, driven by a group dubbed Europe's 'Magnificent Seven'. The strong performance of European banks, marked by soaring profits and record shareholder payouts, faces a major test with the release of earnings reports. Investors are keen to assess the sustainability of profits given higher interest rates and a weakening economic outlook. The start of the week saw European equities subdued, with losses in travel stocks countering gains in the energy sector. The market is also bracing for the Federal Reserve and Bank of England meetings, while external factors such as China’s property crisis and Middle East conflicts, along with a flurry of corporate earnings, are influencing sentiment.
European stocks pause at January 2022 high ahead of the Federal Reserve meeting later in the week, with sentiment also weighed down by China’s property crisis, the Middle East conflicts and a flurry of incoming corporate earnings https://t.co/IGGGIL0DU8
European stocks pause at January 2022 high ahead of the Federal Reserve meeting later in the week, with sentiment also weighed down by China’s property crisis, the Middle East conflicts and a flurry of incoming corporate earnings https://t.co/dzzGG3AGwX
European stocks pause at January 2022 high ahead of the Federal Reserve meeting later in the week, with sentiment also weighed down by China’s property crisis, the Middle East conflicts and a flurry of incoming corporate earnings https://t.co/SfCjDN4vff
⚠️ EUROPEAN SHARES TEPID AS TRAVEL STOCKS COUNTER GAINS IN ENERGY (Reuters) European equities kick-started the week on a subdued note, after scaling two-year highs in the previous session, as heavy losses in travel stocks partially outweighed strong performances in the energy…
European stocks set to slip after notching two-year high; Fed and BoE meetings ahead https://t.co/r6KSwn0B1e
European banks' strong run faces major test with earnings https://t.co/fz4nKWIgkO https://t.co/K4axRXsfqy
⚠️ EUROPEAN BANKS' STRONG RUN FACES MAJOR TEST WITH EARNINGS (Reuters) European banks' run of soaring profits and record shareholder payouts faces a big test this week when investors assess how fast the boost from higher interest rates is fading, and if a weak economic outlook… https://t.co/3N8b7ajTXq
Europe's own version of Wall Street's "Magnificent Seven" is driving the region's benchmark to a new high https://t.co/4rbfB4dDcK