Expert's Economic Outlook, Global - Equity Research on Dril-Quip, Inc. and Baker Hughes Incorporated
(firmenpresse) - MACAU -- (Marketwire) -- 10/13/11 -- Today, announced its research report highlighting Dril-Quip, Inc. (NYSE: DRQ) and Baker Hughes Incorporated (NYSE: BHI). Full content and research is available at .
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 Dril-Quip, Inc. for its current position within the basic materials industry. Dril-Quip, Inc. (Dril-Quip), designs, manufactures, sells and services engineered offshore drilling and production equipment that is suited for use in deepwater, harsh environment and severe service applications. The full research report on Dril-Quip, Inc. (NYSE: DRQ) is available here: .
Equity Markets has reviewed Baker Hughes Incorporated for its development within the basic materials industry. Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The Company also provides industrial and other products and services to the downstream refining, and process and pipeline industries. The full research report on Baker Hughes Incorporated (NYSE: BHI) is available here: .
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Samuel Littman
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Datum: 13.10.2011 - 07:00 Uhr
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News-ID 1045584
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