the Epitome weekly- Newsletter

Issue: 0806 | Tuesday, February, 2008

UK pension schemes embroiled in volatility

US slowdown decelerates PE

Investors rethink over activist funds

HF launches drops due to credit crunch

EU and SEC consider mutual recognition for securities

Fitch expects credit card, auto debt to rise

Rating agencies under review

France aims for more stringent bank controls

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Wall St. lowers S&P 500 earnings outlook: survey

NEW YORK (Reuters) - Wall Street analysts have lowered expectations for U.S. corporate earnings in the first two quarters of 2008, after results for the fourth quarter showed conditions much worse than initially expected, according to a weekly survey by Reuters Estimates.

The survey of strategists and industry analysts showed they expect S&P 500 companies' first-quarter earnings to grow just 2.8 percent year-on-year in the first quarter and 3.5 percent in the second quarter, after falling 20.7 percent in the fourth quarter.

The outlook was gloomier than last week's expectations of first and second quarter earnings growth, respectively, of 3.8 percent and 4.2 percent, and a 17.6 percent fall in the fourth quarter ...(Read more..)

Source :Reuters

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