(Bloomberg) -- Soaring energy prices may undermine this year's stock market rally. Worries are growing that a surge in the cost of gas and electricity will pressure net profit margins for European companies that are at the highest since 2008. “The trend could set in motion a margin squeeze for companies and thus a negative outlook surprise when third-quarter earnings are released in October and November,” says Peter Garnry, head of equity strategy at Saxo Bank.
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