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European equities face “two major challenges”: DBS CIO

European equities are facing “two major challenges”, namely declining economic and earnings momentum, which are likely to prolong underperformance versus US equities, according to DBS’s CIO, Hou Wey Fook. Year-to-date, European equities have lagged their US peers, with MSCI Europe heading south by 1.86% compared MSCI USA’s 0.63% downturn. The Singaporean bank expects this trend to continue into the second…

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