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European Earnings Are Pricing in Tariff Risks, Says BlackRock's Jewell

European Earnings Are Pricing in Tariff Risks, Says BlackRock's Jewell

Bloomberg21-07-2025
The outlook for European earnings is appropriately reflecting tariff risks, according to BlackRock Inc.'s Helen Jewell, who sees the rally extending in the absence of a trade shock.
'Earnings numbers have already come down; that's not a complacent market,' Jewell, chief investment officer of fundamental equities EMEA at the asset manager, said in an interview. 'The gains have further to go as long as the European exporters pull their weight.'
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