Dollar's gains spell earnings pain for U.S. companies By Reuters

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

*DOLLAR'S GAINS SPELL EARNINGS PAIN FOR U.S. COMPANIES - 🇺🇸🇺🇸

NEW YORK -A towering rally in the U.S. dollar is expected to hit third-quarter corporate earnings, potentially presenting another obstacle to stocks in a year that has experienced an already-painful market decline. The, which measures the greenback's performance against a basket of peers, traded an average of 16.7% higher in the quarter that ended Sept.

Earnings estimates have already fallen this year, as analysts account for a darkening U.S. economic outlook amid rising inflation and tightening financial conditions. Analysts expect third quarter S&P 500 earnings - which will start rolling in as the season kicks off next week - to have increased by 4.5% from a year ago. That is down from the 11.1% rise they were expecting at the start of July, according to IBES data from Refinitiv as of Sept. 30.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pain pain pain 🤔

Please, what is the real net dollar gain after inflation? What is the real interest rate?

dollar gains? wtf the $USD is losing 8.2% yoy to inflation right now, obviously you must be talking about the $DXY but still no gains, other currencies just falling way faster compared to us that it looks like we are rising.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This Dallas fan catches Aaron Judge's 62nd home run - Dallas Business JournalThe Dallas man was the lucky Rangers fan who caught Aaron Judge's 62nd home run of the season Tuesday night at Globe Life Field in Arlington.
Source: DallasBizNews - 🏆 525. / 51 Read more »