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...Companies included in the blue-chip S&P 500 index are expected to post a combined 5.3 per cent year on year fall in earnings for the final three months of 2022, according to FactSet....
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...Pandemic high-flyers such as Zoom Video Communications, Delivery Hero and Peloton are among those being brought back down to earth....
...S&P Global’s US composite purchasing managers’ index was the trigger for the sell-off....
...However you measure it, something like half of Japan Inc trades under 1 p/b....
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