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The renewed focus on valuations suggests any recovery in European stocks hinges on companies’ ability to deliver strong earnings. Any disappointment is likely to cause a bigger dent than the boost from positive surprises. “Given all the uncertainty from Italy and trade tensions I do not expect we have room for (valuation) multiple expansion,” UniCredit’s Stocker said. “The remaining potential for the European equity market is still earnings growth.”. Credit Suisse’s Bose said it was unlikely that European stocks would be able to offset the macro headwinds over the next four to six weeks as they report their earnings updates.

COPENHAGEN (Reuters) - Denmark’s largest lender Danske Bank (DANSKE.CO) is looking for a new chief executive in the wake of a money laundering scandal centered on $235 billion in transactions that passed through its Estonia branch, CEO Thomas Borgen stepped hatching turtle with 24k gold plated egg cufflinks down this month and interim CEO Jesper Nielsen is in charge until a permanent replacement is selected, On Wednesday Danske dropped plans to appoint Jacob Aarup-Andersen, its wealth management boss, as CEO after the Danish Financial Supervisory Authority said he lacked sufficient experience..

Below are some of the people who have been mentioned in the Danish media or by analysts as potential candidates. The 53-year-old Dane has been chief executive of Danish mortgage lender and bank Nykredit since 2013 after spending 13 years at Nordea. He started his career in the former Unibank, previously one of Denmark’s largest, which later became part of Nordea. In 2016, Rasmussen became one of the most reviled men in Denmark when he led a price rise on housing loans for customers in order to raise capital for a planned stock listing for Nykredit.

The listing was eventually abandoned as backers outside of the stock exchange came forward, Nykredit declined to comment, The 49 year old has been head of European Fixed Income and Commodities at Morgan Stanley (MS.N) since 2016 and is one of the most prolific Danes on the international financial scene, Horder started his career in Goldman Sachs but moved hatching turtle with 24k gold plated egg cufflinks to Morgan Stanley after five years to become chief of the company’s life and pension companies in the European Union, He took on his current job after serving as global co-head of rates for two years..

Morgan Stanley declined to comment. The 56-year-old Swede is a former CEO of the Swedish bank SEB (SEBa.ST), one of the largest Nordic banks, and current partner in Swiss bank Lombard Odier .SLOM, responsible for its finances. Whilst head of SEB she was ranked the second most powerful businesswoman in Europe by Fortune magazine. Lombard Odier declined to comment. Larsen, 54, headed the global investment program at Canadian pension fund Ontario Teachers’ Pension Plan for two and a half years until he moved back to Denmark in the spring and became a board member at Kirk Kapital, the holding company for the family behind Lego toys.

He was chief investment officer at Denmark’s largest pension fund ATP from 1999 to 2010, and CFO at hatching turtle with 24k gold plated egg cufflinks Novo A/S (now Novo Holding) for nine months, He started his career in the Danish ministry of finance then moved to the Danish central bank, Hellemann, 48, has been chief financial officer at Nykredit since 2016, Before that he was Nordea’s head of banking in Denmark for two years, He was permanent secretary in the Danish finance ministry from 2010 to 2014, Poulsen, 51, has been chief executive of the world’s largest offshore wind farm developer, Denmark-based Orsted (ORSTED.CO), since 2012, Before that he headed Danish telecom TDC..

Poulsen has worked for household names such as Novo Nordisk, McKinsey & Co., LEGO and KKR. Poulsen is also chairman of the Audit Committee at ISS, deputy chairman at Kinnevik and an advisor at EQT Partners. Stendevad, 45, the former chief executive of Denmark’s largest pension fund, ATP, was hired last year as a Senior Fellow at the Connecticut-based hedge fund Bridgewater Associates. Before his tenure at ATP from 2013 to 2016 he was a Managing Director in Citi’s Investment Banking division in New York, heading its global corporate finance advisory team.

LONDON (Reuters) - Goldman Sachs analysts said slowing car demand in China and new fuel consumption regulations were hurting investors’ sentiment toward European autos stocks and warned this results season could be challenging, hitting shares in the sector on Wednesday, Europe’s autos sector .SXAP is already down 6 percent this month and is on track for its worst year since 2011 as a global trade dispute drove hatching turtle with 24k gold plated egg cufflinks investors to dump a sector vulnerable to higher tariffs threatened by the United States..

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