Gate News reports that on March 11, Barclays released a report predicting that if oil prices remain around $100 per barrel and economic growth stays stagnant, the earnings per share (EPS) growth rate for European companies is likely to fall to the low single digits, and the European Stoxx 600 index (the benchmark for European stocks) could drop to about 550 points. The report notes that historically, during stagflation periods, energy, utilities, and healthcare sectors perform better, while financials, telecommunications, and consumer sectors tend to lag. The bank stated that although the energy intensity of the economy has decreased over time, economic growth still faces risks due to Europe’s high dependence—up to 30%—on Middle Eastern energy supplies.
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