Stock markets: Will the reporting season be a turning point?

Article by Carsten Klude

The current reporting season for the second quarter of 2025 reveals a remarkable discrepancy between the economic regions. In the US, companies are exceeding expectations by a magnitude that has surprised many. In Europe, however, corporate results are significantly more subdued. What does this mean for the stock markets in the second half of the year? Can the European markets maintain their outperformance relative to the US, or is a turnaround now imminent?