80% of the 75 companies that published their reports so far were above analysts' expectations, above the average 68% since 2004. Revenues amounted to + 5.4% compared to the forecasts, a very strong result compared to the previous quarter (+ 3%) and the historical average of + 4.4%.
We look forward to reports from major European banks for the other week as investors are afraid that bad results would bring a lot of volatility to capital markets.
These concerns are fueled by external risks such as the US-China uncertainty, economic growth, Brexit, and the U-Turn in the monetary policy path of the major central banks in the world.
For the moment, the results are great, but the next week will be crucial.
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