Europe looks set to remain in the doldrums at least until the end of the year. However, some improve...
Europe looks set to remain in the doldrums at least until the end of the year. However, some improvements have been made in the technology sector. James Anderson, manager of the Deutsche European Growth Trust at Deutsche Asset Management, says: 'Although April was positive, gains were wiped out in June as a fresh bout of earnings warnings were announced and sentiment rapidly deteriorated.' For example, Nokia plunged 20% following a revenue warning. Anderson explains this has also caused fears that other companies will produce similar warnings. Anderson says: 'Unlike Q1 when some ...
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