NewsMV
A 22% profit increase projected for Stoxx Europe 600 companies in the second quarter is drawing investors back into European equities.
The earnings trajectory is overriding the geopolitical discount tied to Iran war concerns that had kept some buyers on the sideline.
The 22% print and what moved sentiment Companies in the Stoxx Europe 600 are on track to deliver a 22% gain in second-quarter profits.
That number is doing work against a backdrop where Iran-related military concern had been shaping the regional risk premium.
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