Europe Stocks Selloff; German Business Confidence Falls | Bloomberg The Pulse 07/25/24

European stocks follow slides in Asia and the US as investors pulled back on the AI frenzy and earnings disappointed. Nestle, Stellantis and Kering reported earnings that all missed estimates. French stocks were on the verge of a 10% correction. Sanofi lifted its earnings forecast for the year after posting profit that topped estimates amid strong demand for blockbuster skin and asthma medicine Dupixent. Meanwhile, Roche raised its 2024 profit forecast as new drugs like Vabysmo for eye disease drove revenue for the latest quarter and first half of the year. We also spoke to Ifo institute President Clemens Fuest as German business outlook unexpectedly fell, adding to the pessimistic sentiment in the market. Today's guests: Nathalie Bellon-Szabo, Sodexo CEO; Clemens Fuest, IFO Institute President -------- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9 Visit www.bloomberg.com/ for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: twitter.com/BloombergTV Facebook: www.facebook.com/BloombergTelevision Instagram: www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: twitter.com/business Facebook: www.facebook.com/bloombergbusiness Instagram: www.instagram.com/bloombergbusiness/ TikTok: www.tiktok.com/@bloombergbusiness?lang=en Reddit: www.reddit.com/r/bloomberg/ LinkedIn: www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: twitter.com/BloombergRadio Bloomberg Surveillance: twitter.com/bsurveillance Bloomberg Politics: twitter.com/bpolitics Bloomberg Originals: twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: youtube.com/@BloombergTechnology Bloomberg Originals: youtube.com/@business Bloomberg Quicktake: youtube.com/@BloombergQuicktake Bloomberg Espanol: youtube.com/@bloomberg_espanol Bloomberg Podcasts: youtube.com/@BloombergPodcasts

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