Earnings growth set to slow - papers

Brazil, Russia, India and China as well as much of Europe have all suffered more analyst downgrades to profit estimates than upgrades in the three months until February, according to Thomson Reuters data used by JPMorgan Asset Management. The US, Japan and Germany are still experiencing positive earnings revisions as more analysts increase their forecasts than cut them, the Financial Times reports. However, the ratio of upgrades to downgrades has slipped from peaks last year. “Globally revisions are turning downwards. That is not normally a good short-term signal for equities,” said Andr...