Economics
Europe Investors Bet Profits Will Spur Stock Market Comeback
- JPMorgan expects positive surprises from first-quarter results
- Profit season heats up as euro, economy have weighed on stocks
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European traders are looking to the latest batch of corporate updates to boost confidence in the region’s shares.
The first-quarter earnings season is heating up at a challenging time for euro-area stocks. The currency has been trading above the $1.22 level for most of 2018, putting fresh pressure on exporters’ balance sheets, while economic momentum has started to slow after last year’s growth spurt. As a result, the Stoxx Europe 600 Index has struggled to recoup the losses incurred since a global selloff began in late January.