Shafaqna English- Europe is on track for its strongest seasonal profit performance in more than three years, but investor anxiety persists over the region’s shortage of AI-powered growth engines needed to compete with the US.
LSEG data indicates that profits for major European firms will grow by 15.3% on average in the second quarter, the highest since late 2022. However, this growth is mostly attributed to a surge in energy company earnings, driven by higher oil prices resulting from the war in Iran.
Source: Reuters