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European second-quarter corporate profits expected to rise 1.8%
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July 29 (Reuters) - The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. on Sunday after weeks of negotiations.
European companies are expected to report growth of 1.8% in second-quarter earnings, on average, according to LSEG I/B/E/S data. This is a large improvement from the 0.3% fall analysts had expected a week ago.
(Reporting by Marleen Kaesebier and Javi West Larrañaga, Editing by Alexandra Hudson)
((marleen.kaesebier@thomsonreuters.com +48 58 769 65 76
javier.west@thomsonreuters.com +34 918 35 61 12;))
