Worst Sales Beats in Years Show Weakening US Consumer Trends bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
With more than 80% of S&P 500 firms having reported, fewer than half have beaten revenue estimates for the third quarter the lowest share since the same period in 2019, according to data compiled by Bloomberg Intelligence.
The benchmark Stoxx 600 is close to wiping out its 2023 gains as glum company results in Europe and the US hit risk appetite before the European Central Bank’s rate decision.
European Stocks Inch Lower as 10-Year Yield Retreats From 5% bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) European stocks pared early gains and were steady as traders weighed diplomatic efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict and braced for the start of earnings season. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechGlobal Markets Stable as US Pushes to Con