Steady recovery in the global economy against the backdrop of pre-listed companies published in the United States and Europe three quarterly shows that business performance continued to rebound, but the credit crunch remains a constraint on national monetary policy loose steering. Professionals that overseas markets are facing the fourth quarter of technical adjustments, the dollar will become the market trend the performance of the main wind vane. As a leader in economic recovery, China's post-crisis era is facing unprecedented opportunities.
Enterprise performance is still recovering channel
As the third quarter results for the first disclosure of industry, science and technology enterprise performance is more eye-catching. Intel's US-listed companies reveal their first quarterly report card, even though both net and operating income decreased year on year, but the trend of warmer-than-expected results. In addition, Google, IBM and other technology giant, three-quarter earnings exceeded market expectations. "Intel effect" once the market has stimulated a full recovery of the global technology industry expectations.
Performance, followed by the banking industry to disclose. Compared with the second quarter, has disclosed quarterly performance in three major banks were mixed. JP Morgan Chase and Goldman Sachs investment banking supported by the substantial profits, Citigroup and Bank of America involved in large credit losses are losses. In addition, a number of other industries and enterprises results also showed that the industry boom degrees are gradually improving.
Hong Kong In an interview with Prudential Securities vice president of Liang Yuan Securities Times reporter, said last week disclosed three quarterly beginning of a more ideal, but is expected to exceed market expectations then the performance will be reduced gradually. Zuo Xiaolei, chief economist at Galaxy Securities told reporters that although the bank has announced three quarterly results show that the banks are gradually picked up, but banks do not rely on credit to achieve profitable core business, but over-reliance on investment banking. Bank of China [4.08 -0.97%] Senior Research Fellow Tan Yaling believes that the three quarterly shows that corporate performance has been basically put in place to adjust, while the U.S. banking industry profits continue to exceed expectations, reflecting the adjustment of the financial sector accelerated. Hai Tong Securities [14.87 0.34%] analyst Xiong Wei said that although the published quarterly in three, there are many poor corporate performance, but the performance is still in recovery channel, cut costs-than-expected corporate performance is still the main reason.
Constrained monetary policy shift by the credit crunch
Liang Yuan that consumer credit default recovery in the banking sector remains a major constraint problem, as the U.S. commercial real estate market more and more severe situation this year is expected in the fourth quarter of credit defaults may usher in the real peak |
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