The EU earning season gathers momentum this week

<p>- The FTSE is trading up 0.2% at 5904 – The EU earning season gathering momentum this week – but expectations are low – Most […]</p>

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- The FTSE is trading up 0.2% at 5904

- The EU earning season gathering momentum this week – but expectations are low

- Most UK listed companies issue profit warning since 2008

- BP in advanced talks regarding sale of 50% stake TNK-BP – looking to end toxic relationship, trading down 1%

- Other oil firms lower and oil futures are hovering at 90$ a barrel

- The UK GDP due Thursday is expected to return to growth although no guarantee that it won’t slip back by the end of the year

- Spain’s Rajoy popular party wins regional elections – prompting speculation that a bailout could be on the cards

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