European companies cut profit forecasts

Note: This section contains information in English only.
Source: Bloomberg
Analysts predict European companies will earn much less in 2012. Macquarie strategist, Daniel McCormack, claimed earnings might drop by 10% this year. Profit forecasts are cut in the fastest pace since 2009. Citing analysts, 32 out of 50 companies, members of the Euro Stoxx 50 (SX5E), Eurozone Blue-chip index, might cut their estimated profit target for 2012. This already did such companies as Danone, SKF, Burberry, Deutsche Boerse AG and others.
Back to articles

Actual Topics

Wed, 18 Jul 2012 11:53:17 GMT

Luxury industry contracts as China's growth slows down

As economic growth in China slows down world luxury industry meets demand decline. By the end pf 2012 global luxury market might contract by 5.5%, whereas in 2013 losses might be equal 3.7%. Chinese entrepreneurs are switching to cheaper goods. William Li, manager at King's Watch Co in Hong Kong, who sells watches for USD 12 900, said majority of costumers started to pick brand

Wed, 18 Jul 2012 15:15:16 GMT

Demand for construction services improves in the USA

The latest US readings published by the American Institute of Architects (AIA) on Wednesday, July 18, indicated improvement in construction activity in June. The changes are determined by architects' billing index (ABI) that shows the demand for construction services. Thus ABI gained 0.1% in June and stopped at 45.9. However, reading below 50 implies declined demand for such works. Although, the architects' service inquiries, not all

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.