All Eyes on Corporate Guidance After Weak Economic Data

Economic reports in emerging and developed markets have been broadly below expectations

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Tepid global economic data have triggered a razor-sharp focus among investors on corporate guidance.

Economic reports in emerging and developed markets have been broadly below expectations, causing Citigroup’s economic surprise indexes in the two groups to fall nearly to their lowest levels since June. That the Citi gauges are negative suggests data in aggregate are missing economic expectations.

Lukewarm...

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