Expectations for European corporate earnings plummet
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LONDON (Reuters) - Europe Inc's profit expectations for the second and third quarters continued to deteriorate sharply, Refinitiv's data showed on Tuesday, as countries such as the UK, Italy and France implemented lockdowns to fight the coronavirus outbreak.Companies listed on the pan-European STOXX 600 are now expected to report a 21.9% decline in earnings in the second quarter, down from a 14.9% drop forecast the week before.For the third quarter, expectations are now set for a 15.4% fall..