High grade investors try to decipher direction after mixed corporate earnings

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By Mike Turner
30 Jul 2020

European high grade corporate bankers and investors are trying to wrap their heads around what the deluge of corporate earnings reports might mean for their market in the coming months, with some surprise that not all results are as terrible as feared.

A smattering of second quarter corporate earnings results have been released this week, in what is expected to be the most telling set of figures for how seriously lockdowns have hurt balance sheets. 

Some sectors have benefitted from the pandemic. UK consumer goods company Reckitt Benckiser, the maker of ...

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