European earnings estimates rise again as energy and materials profits offset softer demand

STOXX 600 profit growth is now estimated at 23.4%, but concentration in commodity-linked sectors makes the signal less broad than the headline.

INDIAN MARKET GRID EDITORIAL DESK5 MIN READPUBLIC PREVIEW

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Second-quarter earnings for STOXX 600 companies are estimated to grow 23.4%, with expectations rising for an eighth consecutive week. Energy profits are expected to more than double and basic-materials earnings to rise nearly 70%.

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