News Snapshot:
Investors are preparing for the second-quarter earnings season as concerns rise that soaring inflation is weighing on consumer spending and crimping margins. The declines in Europe came as Chinese stocks had their worst day in about a month as the Covid resurgence combined with fresh fines for tech giants hit markets. Meanwhile on Monday, luxury stocks including Louis Vuitton-owner LVMH SE weakened as the China Covid outbreak spurred demand concerns. Uniper SE fell as much as 20% to a record low, extending a recent plunge, after Germany is ready to make a decision on a bailout for the utility “soon”...
