Thursday Is the ‘Day From Hell’ for Europe’s Stock Watchers
- Consumer analysts bear brunt of Thursday’s earnings onslaught
- ABI, Nestle kick off day of reporting that ends with L’Oreal
James Edwardes Jones, consumer analyst at RBC Europe, recaps results from AB InBev NV and Diageo Plc and talks about how he's dealing with the massive amounts of earnings reports coming out of European companies on Thursday. He speaks with Bloomberg's Mark Barton on 'Bloomberg Markets: European Close.' (Source: Bloomberg)
If you think your Thursday looks bad, spare a thought for James Edwardes Jones. The RBC analyst is bracing for what he calls the busiest earnings day he’s experienced in about 20 years covering the consumer-goods industry.
Edwardes Jones plans to arrive at RBC Europe’s London offices along the River Thames about the time the world’s largest brewer, Anheuser-Busch InBev NV, reports results at 6 a.m. local time. Fifteen minutes later he has Nestle SA, followed by Danone at 6:30. Then come Diageo Plc and British American Tobacco Plc, along with a trading update from Britvic Plc, all before the morning team meeting at 7:15 a.m.