{"id":131942,"date":"2021-07-13T10:25:16","date_gmt":"2021-07-13T10:25:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=131942"},"modified":"2021-07-13T10:25:16","modified_gmt":"2021-07-13T10:25:16","slug":"european-markets-muted-ahead-of-big-bank-earnings","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/","title":{"rendered":"European markets muted ahead of big bank earnings"},"content":{"rendered":"<ul>\n<li>European investors will be looking stateside on Tuesday ahead of the second-quarter earnings season for banks, which\u00a0kicks off\u00a0Tuesday, starting with\u00a0JPMorgan\u00a0and\u00a0Goldman Sachs.<\/li>\n<li>Federal Reserve Chairman Jerome Powell is scheduled to appear in front of Congress Wednesday and Thursday to provide an update on monetary policy.<\/li>\n<\/ul>\n<p>LONDON \u2014 European stocks struggled for direction on Tuesday morning ahead of earnings reports from several big banks in the U.S.<\/p>\n<table><\/table>\n<p>The pan-European Stoxx 600 hovered fractionally below the flatline in early trade, with health care stocks dropping 0.8% while telecoms gained 0.5%.<\/p>\n<p>European investors will be looking stateside on Tuesday ahead of the second-quarter earnings season for banks, which\u00a0kicks off\u00a0Tuesday, starting with\u00a0JPMorgan\u00a0and\u00a0Goldman Sachs\u00a0before the opening bell.<\/p>\n<p>Banks are expected to double this quarter, following the 138% earnings growth the sector saw in the first quarter.\u00a0The S&amp;P 500 broadly is expected to produce its strongest earnings growth since the fourth quarter of 2009.<\/p>\n<p>U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 during the regular trading session. Bank of America,\u00a0Citigroup,\u00a0Wells Fargo\u00a0and\u00a0Morgan Stanley will report their earnings later in the week.<\/p>\n<h2>Stock picks and investing trends from CNBC Pro:<\/h2>\n<p>Goldman says bet on these stocks with expanding profitability into earnings season<\/p>\n<p>Top JPMorgan strategist Kolanovic says it&#x27;s too early to ditch reopening stocks<\/p>\n<p>If you think the global economy is about to expand, Morgan Stanley has some stocks for you<\/p>\n<p>Elsewhere on Tuesday, Federal Reserve Chairman Jerome Powell is scheduled to appear in front of Congress Wednesday and Thursday to provide an update on monetary policy.<\/p>\n<p>In Asia-Pacific overnight, shares were mostly higher in Tuesday trade as investors reacted to the release of China&#x27;s trade data for June which showed exports jumped 32.2% compared with a year earlier, customs data showed. That was much higher than a forecast by analysts in a Reuters poll for a 23.1% growth in exports for June.<\/p>\n<p>In coronavirus news, the World Health Organization said Monday that most fully vaccinated people who get Covid delta infections are asymptomatic. However, hospitalizations are rising in some parts of the world, mostly where vaccination rates are low and the highly contagious delta variant is spreading.<\/p>\n<p>In Europe, carmaker VW releases a strategy update at 12:30 p.m London time and inflation data for June is published by France and Germany.<\/p>\n<p>Nokia shares climbed more than 6% in early trade after the Finnish telecoms and electronics company announced plans to raise its full-year guidance.<\/p>\n<p>At the bottom of the European blue chip index, German drug packager Gerresheimer fell more than 6% after its earnings report.<\/p>\n<p>Enjoyed this article?<br \/>For exclusive stock picks, investment ideas and CNBC global livestream<br \/>Sign up for\u00a0<strong>CNBC Pro<\/strong><br \/>Start your\u00a0free trial now<\/p>\n<p><em>&#8211; CNBC&#x27;s Tanaya Macheel and Eustance Huang contributed reporting to this story.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/07\/13\/european-markets-stocks-data-big-bank-earnings.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European investors will be looking stateside on<\/p>\n","protected":false},"author":3,"featured_media":131941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European markets muted ahead of big bank earnings - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European markets muted ahead of big bank earnings - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"European investors will be looking stateside on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-13T10:25:16+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/07\/European-markets-muted-ahead-of-big-bank-earnings.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/\",\"name\":\"European markets muted ahead of big bank earnings - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-07-13T10:25:16+00:00\",\"dateModified\":\"2021-07-13T10:25:16+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/precoinnews.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"European markets muted ahead of big bank earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"European markets muted ahead of big bank earnings - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/","og_locale":"en_US","og_type":"article","og_title":"European markets muted ahead of big bank earnings - Pre Coin News","og_description":"European investors will be looking stateside on","og_url":"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/","og_site_name":"Pre Coin News","article_published_time":"2021-07-13T10:25:16+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/07\/European-markets-muted-ahead-of-big-bank-earnings.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/","url":"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/","name":"European markets muted ahead of big bank earnings - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-07-13T10:25:16+00:00","dateModified":"2021-07-13T10:25:16+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/markets\/european-markets-muted-ahead-of-big-bank-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/precoinnews.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"European markets muted ahead of big bank earnings"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/131942"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=131942"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/131942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/131941"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=131942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=131942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=131942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}