TheChinese National Bureau of Statistics is due to release industrial companies’ September earnings tomorrow. Profits fell 6.2 percent in August.
Out of the 937 companies in the Shanghai Composite, 293 have reported third-quarter earnings with an average drop of 3.3 percent from a year earlier, according to data compiled by Bloomberg. That compares with profit growth of 0.6 percent in the second quarter, the data showed. Publicly traded companies are required to release results by the end of the month.
China’s capital flight may decline on the recovering economy, improved risk appetite, better liquidity, easing concern about yuan depreciation, QE3 and policymakers’ efforts to support financial market stability, the economists wrote.
http://www.bloomberg.com/news/2012-10-26/china-s-stocks-head-for-weekly-loss-as-companies-report-earnings.html
Geen opmerkingen:
Een reactie posten