Reply To: Traders Market Weekly: Valuation Matters in Earnings Season

#40122
Truman
Participant

Major European indices trade in the red amid ongoing growth concerns.

Spain’s Prime Minister Sanchez warned that economic growth in the coming months will be slower than expected.
Germany’s ZEW Economic sentiment survey fell past its pandemic low.
The U.K.’s conservative party will begin electing a new leader tomorrow.
The EU’s energy commissioner said that energy cuts in the summer could help avoid shortages in the winter.

—Equity Markets—

STOXX Europe 600: -0.4%
Germany’s DAX: -0.6%
U.K.’s FTSE 100: -0.2%
France’s CAC 40: -0.2%
Italy’s FTSE MIB: -0.9%
Spain’s IBEX 35: -1.7%