source: Thomson Reuters
With all of the pessimism about European earnings/economy, the facts are that they are UP year on year. However, as earnings season progresses, they are up LESS than they were. So far Q4 2018 earnings (of those 276 reported) are up 1.8% (down from up 2.6% on 2/26/19) and revenues are up 4.2% (down from up 4.4% on 2/26/19).
One factor that has helped the European components of the Stoxx 600 so far is the fact that the US Dollar was stronger against the Euro in Q4 2018 than it was in Q4 2017 (by ~5%).
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