European update – Markets, UK, gold, oil, bitcoin

Earnings weigh on sentiment

We’re facing another day of negative stock markets on Thursday, as earnings season gets off to the tough start that many anticipated.

Source – Thomson Reuters Eikon

Netflix became the latest company on Thursday to face an investor backlash as subscribers rose at a slower rate than expected and significantly disappointed in its home market. While the company attributed this to price hikes, the increasing competition in the area is a major cause for concern for investors who have fled in numbers as the first excuse, it seems.

There’s plenty more companies reporting second quarter earnings today, including Microsoft and Morgan Stanley and it’s only going to get busier over the coming weeks. The bar has been set low for this earnings season but it could still be a rough ride.

Is sterling bottoming out?

The pound is spending a second day in the green as it recovers from fresh two-year lows suffered earlier in the week. The…