Trading Floor
Effect of better US earnings lost in Eurozone debt fears
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www.tradingfloor.com - The EU bailout package gave a momentary respite to the markets, but confidence in the Eurozone has slipped further and raises serious questions about the long term effect on the euro and Eurozone growth, according to Saxo Bank's Christian Blaabjerg. While the US earnings season has been better than expected, worries over the sovereign debt problems have restricted what should have been a stock market rally.