Analysis-European stocks' stellar start to 2025 snuffed out as tariffs cloud Q1 earnings [Yahoo! Finance Canada]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
NASDAQ:AMEX Investor Relations:
essilor.com/en/investors
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Source: Yahoo! Finance Canada
in three sessions of heavy selling, while executives tot up the potential impact of U.S. tariffs on supply chains, possibly forcing them to ditch previous financial predictions. U.S. President Donald Trump's tariffs are more sweeping than many market players feared, sending global stocks plummeting as investors flee to safe-haven assets amid recession worries. Companies in Europe's STOXX 600 index, which had its best first-quarter relative to the U.S. S&P 500 in a decade, had been expected to report unbroken quarterly earnings growth through 2025 and into 2026, according to LSEG data. On Friday, the STOXX 600's year-to-date performance turned negative. And as of 1000 GMT on Monday, it is down 12% since the April 2 close - just before Trump's tariff bombshell. As of last Tuesday, LSEG estimates already showed a 1.5% drop in STOXX 600 company earnings for the first quarter versus the same period last year. "The higher than expected tariff rates ... were not factored into many
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