8/8/2024, 12:11:02 pm

Market Turmoil: S&P always looks good next to European stocks

When markets gyrated at the turn of the month, US and Japanese stocks had the cushion of an earlier surge to fall back on. In Europe, the rout hit share prices that had been weakening since May. An earnings season dominated by pessimism from many of the region’s bosses has vindicated investors’ caution. The change in tone is stark after first-quarter results statements had sounded encouraging.