Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are raising alarm among investors concerned that the extra cost could hurt profits and undermine the region's economy.
that demand is softening suggests shoppers and consumers are starting to baulk, sparking worries that companies may struggle to continue that strategy.
Hani Redha, global multi-asset portfolio manager at PineBridge Investments, expects Europe to sink into recession in the fourth quarter. Stephane Ekolo, global equity strategist at Tradition in London, said he expects the upcoming third-quarter earnings season to be marked by profit warnings or weaker-than-expected earnings, pressuring stocks.
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