Europe’s Worst Earnings Are Coming From Luxury and Auto Sectors
Europe’s luxury firms, carmakers and hotels largely disappointed investors this earnings season, making consumer discretionary the worst-performing sector as rising inflation and geopolitical uncertainty derail a long-awaited recovery.
By Chloe Meley · Bloomberg Markets
Europe’s luxury firms, carmakers and hotels largely disappointed investors this earnings season, making consumer discretionary the worst-performing sector as rising inflation and geopolitical uncertainty derail a long-awaited recovery.