Goldman Strategist Sees European Earnings Pared by Weak Demand

European companies are set to see earnings growth of only a “few percent” in the first quarter, according to Goldman Sachs Group Inc.’s senior European strategist, substantially weaker than double-digit expansion in the US.

The contrast comes as investors weigh two competing narratives — strong performance in artificial intelligence and tech stocks, particularly chip companies, against concerns about geopolitical tensions involving Iran and higher energy prices, Sharon Bell told Bloomberg TV on Thursday.