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Virus hit on Europe's corporate profits seen growing further

The German share price index DAX graph is pictured at the stock exchange in Frankfurt
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LONDON (Reuters) - Expectations for second- and third-quarter corporate profits have deteriorated in Europe, Refinitiv data showed on Wednesday, as fears grow over the extent of the recession triggered by the coronavirus pandemic.Companies listed on the pan-European STOXX 600 are now expected to report a decline of 46.7% in second-quarter earnings, down from a drop of 44.9% forecast the week..
Date Published: May 13, 2020
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