By Bill Blair, a fund manager at Swip The heavy losses suffered by European stock markets in rec...
By Bill Blair, a fund manager at Swip The heavy losses suffered by European stock markets in recent weeks followed a period in which there was something of a mismatch between investor optimism and increasingly depressing economic news. Retail sales and consumer confidence have slumped in Germany, France and Italy, putting the consumer-led economic rebound in jeopardy. The likelihood of a slower-than-anticipated economic recovery has increasingly unnerved investors. The realisation that a delayed economic rebound will severely impact any recovery in corporate earnings had a par...
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