(Bloomberg) -- A worsening economic backdrop leaves a dark cloud hanging over European companies preparing to report this earnings season.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Over 1,100 Dead as Conflict Enters Third DayAs Israel-Hamas War Rages, Oil Traders Focus on IranIsraelis Taken Hostage Were Ripped From Everyday ActivitiesOil Surges as Hamas Attack on Israel Fans Middle East TensionsUpdates this week from luxury purveyor LVMH Moe