In Short:
– Significant focus on European banking sector as major banks report earnings, indicating positive growth.
– European Central Bank to maintain interest rates amid potential tariff threats from U.S. President Trump.

The upcoming week will see significant focus on the European banking sector with key earnings reports expected from major players.

According to CNBC, banks are anticipated to maintain a positive earnings trajectory, particularly following a resilient first quarter. Analysts project year-on-year growth in earnings-per-share for the Stoxx 600 index.

UniCredit will report its earnings on Wednesday, attempting to shift focus from its ambitions for mergers and acquisitions to performance metrics.

Additionally, BNP Paribas and Deutsche Bank are scheduled to disclose their financial results later in the week. Deutsche Bank recently reported its best profit in 14 years, aided by market volatility.

Tariff Concerns

Macro-watchers are paying attention to the European Central Bank’s meeting, where officials are expected to maintain the interest rate at 2%. U.S. President Donald Trump’s potential tariff threats may influence future ECB decisions.

Investors will need to evaluate the repercussions of pending tariff negotiations by September 11.