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0.000444049733570229 0.000222024866785194 0.000477353463587993 0.00133214920071053 0.00233126110124343 0.00388543516873899 0.0105461811722913 0.00965919182948499
Stock impact report

Iran war clouds European corporate earnings outlook [BNN Bloomberg (Canada)]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: BNN Bloomberg
Tesco, Britain's top food retailer, cited uncertainty over the conflict, warning it could result in profit falling this year. French spirits group Pernod Ricard warned a decline in tourism due to the war would hurt its sales. Britain's easyJet warned of a bigger first-half loss on Thursday, denting its shares, while British retailer Dunelm said customers were tightening spending due to uncertainty linked to the conflict. Much will depend on how long the Iran conflict persists, with growing hopes for a peace deal that could open the Strait of Hormuz and ease oil flows that have pumped up global prices. Escalating regional tensions have roiled markets, raising concerns that a prolonged conflict could result in further oil price rises, raising inflation and dampening consumer demand. Activity hasn't yet ‘fallen off a cliff' European companies are expected to report “relatively solid” earnings for the January-March quarter, said Ciaran Callaghan, head of European equity researc Show less Read more
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