全球每周 - 美国企业盈利超预期，而全球市场下跌-Global Weekly Kickstart_ US earnings beat estimates while global markets down

4 August 2025 | 3:39PM BST Global Weekly Kickstart US earnings beat estimates while global markets down Most global markets were down last week on tariff news and weaker macro data with Europe falling more than 4% (Exhibit 1). Also, after a strong period of outperformance cyclicals underperformed versus defensives globally (Exhibit 30). That said, a season of widespread EPS estimate beats has led to positive earnings sentiment continuing to rise in the US (Exhibit 21). Macro data this week. US: The ISM serv ...