What's Ahead: Today's Economic Outlook - Equity Research on Petroleo Brasileiro SA (ADR) and Imperial Oil Limited (USA)
October 19 2011 - 9:00AM
Marketwired
Today, www.EquityMarketsInc.com announced its research report
highlighting Petroleo Brasileiro SA (ADR) (NYSE: PBR) and Imperial
Oil Limited (USA) (NYSE Amex: IMO). Full content and research is
available at www.EquityMarketsInc.com/research.php?id=PBR+IMO.
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 Petroleo Brasileiro SA (ADR) for its
current position within the basic materials industry. Petroleo
Brasileiro SA Petrobras (Petrobras) is a Brazilian integrated oil
and gas company. It operates in five segments: exploration and
production; refining, commercialization and transport of oil and
natural gas; petrochemicals; distribution of derivatives,
electrical energy, biofuels and other renewable energy sources. The
full research report on Petroleo Brasileiro SA (ADR) (NYSE: PBR) is
available here: www.EquityMarketsInc.com/research.php?id=PBR.
Equity Markets has reviewed Imperial Oil Limited (USA) for its
development within the basic materials industry. Imperial Oil
Limited (Imperial) is an integrated oil company. The Company is
engaged in all phases of the petroleum industry in Canada,
including the exploration for, and production and sale of, crude
oil and natural gas. In Canada, the Company is a producer of crude
oil and natural gas and a petroleum refiner and a marketer of
petroleum products. The full research report on Imperial Oil
Limited (USA) (NYSE Amex: IMO) is available here:
www.EquityMarketsInc.com/research.php?id=IMO.
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 Email Contact
www.EquityMarketsInc.com
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