Falling corporate earnings and concerns over the extent to which the investment slowdown will effect...
Falling corporate earnings and concerns over the extent to which the investment slowdown will effect consumption have driven global markets lower this year, according to head of Invesco Global Products Group, Tony Broccardo. "Recently, an underlying reason for the market's weakness has been the unwinding of excess investment," he says. "However, the latest US retail sales data is consistent with real consumption growth in the first quarter of 2000 of at least 2.5% per annum. Inflation is also low and the dollar remains firm." Although not completely immune from the US, the Europe...
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