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Deutsche Bank WM: Strengthening EUR to weigh on European equity earnings

Deutsche Bank Wealth Management believes that a strengthening EUR will further weigh on the region’s equities following a “rather disappointing” set of second quarter earnings. Nearly 20% of European companies have reported their second quarter earnings, and only 45% of them have beaten their estimates. The consensus expectations for the Q2 reporting season of European equity earnings have been revised down…

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