Europe Sees Bottom of Downturn as Daimler to Vinci Lead Rebound
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From German luxury carmaker Daimler AG and French builder Vinci SA to International Business Machines Corp. and 3M Co., global companies say the worst is over for Europe.
More than half of the companies in the benchmark Stoxx Europe 600 Index that have reported second-quarter sales so far topped analyst estimates. That’s up from about 40 percent in the prior quarter. While much of that was down to sales growth in North America and Asia, this time the fallout from Europe’s debt crisis didn’t overshadow those gains.