Energy profits lift Europe earnings outlook

European blue-chip Q2 earnings growth is expected to be boosted by a jump in energy company profits, offsetting far weaker gains elsewhere in the market. The forecast implies earnings concentration risk but a net positive read-through from the energy sector.

Analysis

European blue-chip Q2 earnings growth is expected to be boosted by a jump in energy company profits, offsetting far weaker gains elsewhere in the market. The forecast implies earnings concentration risk but a net positive read-through from the energy sector.