What's Ahead: Today's Economic Outlook - Equity Research on ArcelorMittal (ADR) and POSCO (ADR)

Fri Oct 28, 2011 9:02am EDT

* Reuters is not responsible for the content in this press release.

  MACAU, Oct 28 (MARKET WIRE) -- 
Today, www.EquityMarketsInc.com announced its research report
highlighting ArcelorMittal (ADR) (NYSE: MT) and POSCO (ADR) (NYSE: PKX).
Full content and research is available at

    Short-term outlooks within US and global economies continue to adjust
downward, as US Treasury yields touched their lowest levels in over 65
years. International Monetary Fund downgraded estimates for US growth by
1.0% this year, down from 2.5%. 'Significant downside risks' to the US
economy were confirmed by the Federal Reserve pressured by 'strains in
global financial markets.'

    As the US dollar trades above an eight-month high against the Euro, it
highlights a deepening of the Eurozone sovereign debt crisis -- furthered
by continued policy inaction from European governments. We expect
continued volatility until economic data stabilizes and we see decisive
policy action to deal with the Eurozone debt crisis.

    Our members are preparing for a turn in tides. Currently, the Credit
Suisse Risk Appetite Indicator is at a 30-year low. For the past three
occurrences, this level has acted as a leading indicator of large stock
market rallies 18 months following.

    Equity Markets has reviewed ArcelorMittal (ADR) for its current position
within the basic materials industry. ArcelorMittal is a global steel
producer. During the year ended December 31, 2010, ArcelorMittal had
steel shipments of approximately 85 million tons and crude steel
production of approximately 90.6 million tons. ArcelorMittal produces a
range of finished and semi-finished products. The full research report on
ArcelorMittal (ADR) (NYSE: MT) is available here:

    Equity Markets has reviewed POSCO (ADR) for its development within the
basic materials industry. POSCO is an integrated steel producer in Korea.
It produced approximately 33.7 million tons of crude steel during the
year ended December 31, 2010, a substantial portion of which was produced
at Pohang Works and Gwangyang Works. Pohang Works has an annual crude
steel and stainless steel production capacity of 14. The full research
report on POSCO (ADR) (NYSE: PKX) is available here:

    About Equity Markets
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Samuel Littman

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