Poor earnings outlook adds to global stock woes

Europe’s earnings season is only half-way through, but so far even stable profit generators are showing signs of capitulation.

Banks, industrial companies, and even healthcare companies are surprising the market with the widest earnings misses since even before the financial crisis.

Analysts are dialing back their 2015 outlooks. They see zero income growth for Stoxx Europe 600 Index members on average, down from an estimate of more than 4% three months ago.