Growth in the global economy remains slow, with poor earnings growth in the US, Japan and Europe. Wh...
Growth in the global economy remains slow, with poor earnings growth in the US, Japan and Europe. What optimism there is will come from a reform story in Japan and aggressive Fed action in the US. John Praveen, managing director of global equities at Credit Suisse, says: 'Earnings have been very poor. The second quarter ended one of the worst for the US, being down more than 25%. 'European and Japanese earnings are also weak. What we are looking for is still a change in policy from the ECB and the Bank of Japan for a turnaround to happen.' However in Europe, Praveen expects to see inf...
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