Reported about 15 hours ago
As the euro strengthens significantly, European companies are bracing for its impact on earnings during the ongoing earnings season. With results expected from major firms like SAP, investors are keen to understand how the rising euro will affect profitability in an export-reliant economy. This surge, attributed to a shift towards euro-denominated assets amidst U.S. trade uncertainties, poses potential revenue declines for companies dependent on exports.
Source: YAHOO