Many companies presented reports that were above the expectations of the earnings report consensus, while some were way too low. However, due to the sovereign debt crisis in the euro zone, there has been a lukewarm response by the equities market to the earnings news. This scene has been a familiar one for Europe since many years. But there is more. The emerging markets of China, India and Brazil are facing a dire situation of slowing economic growth and this is the main reason why the equities market are sufficiently perturbed and the public is wary of experimenting with investments.