0719 GMT - U.S. corporate earnings in 2Q could be lifted by a weaker dollar, HSBC analysts say in a note. Roughly 30% of S&P 500 revenue is generated overseas, but for the tech sector, that figure is significantly higher at around 55%, the analysts say. A weaker dollar boosts earnings for U.S. companies with global revenue as that implies more dollars obtained per unit of foreign currency. On the flip side, for European companies, a weaker U.S. dollar is an earnings headwind, the analysts say. Recent euro strength will shave 5 percentage points off 2Q EPS for European companies, marking the largest currency drag since 2020, HSBC says. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

July 17, 2025 03:19 ET (07:19 GMT)

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