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Mar 28, 2014

European stock sector divergence to narrow as EM concerns ebb

LONDON, March 28 (Reuters) – Emerging market ructions have
driven a divergence in sector performance on European bourses
this year that is likely to ebb in the second quarter as
investors become more confident about global economic recovery.

A slowing Chinese economy, concerns over the impact of U.S.
stimulus withdrawal on various currencies and uncertainty over
tensions in Ukraine have pushed investors out of EM-exposed
firms and into domestically focused sectors and companies.

Mar 28, 2014
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