Energy expected to drive European earnings as underlying growth slows

Forecasts indicate higher oil prices will boost Q2 earnings for European blue chips, contributing to stronger headline profit growth. This strength may mask weaker underlying momentum across the broader market, implying a more selective earnings picture rather than broad-based improvement.

Analysis

Forecasts indicate higher oil prices will boost Q2 earnings for European blue chips, contributing to stronger headline profit growth. This strength may mask weaker underlying momentum across the broader market, implying a more selective earnings picture rather than broad-based improvement.