The outlook for European corporate earnings has improved slightly, with energy companies expected to deliver a sharp increase in third-quarter profits amid market volatility triggered by the US-Iran war, Reuters reported, citing forecasts from LSEG.
Companies listed on the benchmark STOXX 600 index are expected to report average earnings growth of 21.9% for the third quarter, marking the second-strongest growth rate in the past four years, according to LSEG data cited by Reuters. The forecast, based on results from 47 companies and estimates for those yet to report, compares with the previous week's projection of 20.7%.
