Germany & apos;s exports rely heavily on US economy

European markets are buckling under the gloom which has afflicted global economies since the US began to lose momentum, according to Jamie Sanderson, head of European equities at Edinburgh Fund Managers. For the year to 29 March, the Bloomberg European index has fallen 13.20% in sterling terms, while the FTSE All-Share has fallen by 9.38%. Sanderson says: "Over the past few weeks, pessimism which had previously been confined to the technology sector has been spreading to the whole market as investors become less confident of a soft landing stateside." Sanderson is convinced that ...