Signs of a sharper-than- expected slowdown could further undermine sentiment.

It has warned that companies' current earnings estimates are still not reflecting the expected slowdown in growth.

However, the euphoria could dry up quickly as the expected slowdown in lending growth becomes increasingly evident.

An expected slowdown in the stock market's run from 2009 would hit its bottom line, analysts said.

But analysts say rising interest rates will help buoy bank earnings despite an expected slowdown in loan growth.

Business and personal loans, particularly mortgages, are expected to flag along with an expected slowdown in economic growth.

Still, signs that China's economy is cooling prompted some investors to sell on concern of a faster-than- expected slowdown.

That would help spur private consumption, Bruederle said, which is much needed to offset an expected slowdown in exports.

Tesco's sales also confirmed the expected slowdown in the industry's exceptional sales growth this year had begun to show.

Some analysts have also questioned the need for a dilutive rights issue, given an expected slowdown in loan growth ahead.

Defensive sectors may also benefit from an expected slowdown in the pace of Federal Reserve interest rate increases in 2019.

Efforts to restock those inventories could support coal demand even if there is an expected slowdown in growth in China.

In second place, with 22% of economists picking it, was a worse-than expected slowdown in U.S. economic growth.

More than two-thirds of the expected slowdown in 2019 stems from troubles in rich nations, including members of the EU.

The Federal Reserve also flagged an expected slowdown in the economy last week and decided against raising interest rates this year.

Despite an expected slowdown in the fourth quarter, Peru remains on track to be the fastest-growing Latin American economy in 2010.