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The actual benefits of the lifting of sanctions will take six to 12 months to start to feed into companies' financials, investors are discounting that now - they are looking ahead to corporate earnings growth in 2017 and 2018.

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    Quiz

    Are you a quotes master?

    »
    What TV show has the quote "man hands on misery to man it deepens like a coastal shelf"?
    A The Inbestigators
    B Greenhouse Academy
    C Prince of Peroria
    D A Series of Unfortunate Events