What's Ahead: Today's Economic Outlook - Equity Research on ArcelorMittal (ADR) and POSCO (ADR)
* 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 www.EquityMarketsInc.com/research.php?id=MT+PKX. 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: www.EquityMarketsInc.com/research.php?id=MT. 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: www.EquityMarketsInc.com/research.php?id=PKX. About Equity Markets Our mission at Equity Markets is to be the best source of content and research, while educating, enlightening and informing investors. Equity Markets combines street smart analysts and professional market researchers to provide investors with detailed company profiles and market coverage. Contact: Samuel Littman firstname.lastname@example.org www.EquityMarketsInc.com Copyright 2011, Market Wire, All rights reserved. -0-
- Children's corpses reveal desperate attempts to escape Korean ferry |
- Russia says it will respond if Ukraine interests attacked |
- 'Bridgegate' scandal threatens next World Trade Center tower
- Obama seeks to ease Asian allies' doubts during visit to Japan |
- NYPD Twitter campaign backfires, thousands of negative tweets