According to a Morgan Stanley strategist, the profit growth rate of European companies accelerated this quarter, almost at the same level as the US, and there were further signs that the earnings season's performance was stronger than expected. A team led by Reggiane Yamagata wrote in the research report that the current year-on-year increase in profits reached 28% compared to 30% in the US; financial reports from listed companies push analysts to continue to raise profit expectations. The weighted bias for individual stocks exceeding expectations was 28%, and the bias for raising forward profit forecasts was 8%. After the financial report was released, the technology hardware, utilities, and high-performance computing sectors had the highest profit increases; the semiconductor and technology hardware sector was also the main force behind the revised profit increase.

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