Experts at Bank of America Merrill Lynch expect in 2018 the earnings growth of companies included in the Standard & Poor's 500 index by 20% in annual terms to 159 dollars per share. The forecast is increased by 4% compared to the previous estimate. For 2019, the forecast is raised by 6% - from $161 to $170 per share. BofAML shares market strategist Jill Carey Hall noted that the improvement in the forecast is explained by the positive situation in the oil and gas industry. The review of the bank's team of experts says: “Increased oil prices favor the profits of S & P 500 companies, as the index includes many producers of raw materials or their suppliers.” It is expected that oil and gas companies from the S & P 500 list will increase their profit by 97% in 2018 and by 14% in 2019.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...