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"I think there has been a downshift in expectations of economic growth, so I would be a little more defensive, thinking about companies that actually pay dividends, and have a record of earnings. I would emphasise the multinationals overall, and I would look at high grade corporate bonds as an...

Most European banks passed the regulators' stress test, but do they get a passing grade with investors? CNBC's Steve Liesman takes a look. more...