As second-quarter earnings season draws to a close, a string of better-than–expected results in both the U.S. and Europe have bolstered hopes that the regions' economies are slowly, but surely, improving.
Some 97 percent of U.S. companies due to report this quarter have already done so, along with 92 percent of European companies.
The quarter has been an important one for both economies, with the U.S. economy growing more than expected over the three months – after a disappointing first quarter – in contrast to the euro zone's economic stagnation over the period.
So what can we learn from this reporting flurry? Societe Generale has put together a list of conclusions to be drawn from this earnings season – although there remain some key differences which span the Atlantic.
Majority meet or beat expectations