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What's Ahead: Today's Economic Outlook -- Equity Research on British American Tobacco (ADR) and Philip Morris International Inc.(October 27, 2011)
MACAU -- (Marketwire) -- 10/27/11 -- Today, www.EquityMarketsInc.com announced its research report highlighting British American Tobacco (ADR) (NYSE Amex: BTI) and Philip Morris International Inc. (NYSE: PM). Full content and research is available at www.EquityMarketsInc.com/research.php?id=BTI+PM.
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 British American Tobacco (ADR) for its current position within the consumer goods industry. British American Tobacco plc is a holding company that owns, directly or indirectly, investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall. On June 17, 2009, it acquired 85% stake in Indonesia's cigarette maker PT Bentoel Internasional Investama Tbk. The full research report on British American Tobacco (ADR) (NYSE Amex: BTI) is available here: www.EquityMarketsInc.com/research.php?id=BTI.
Equity Markets has reviewed Philip Morris International Inc. for its development within the consumer goods industry. Philip Morris International Inc. (PMI) is a holding company. PMI, through its subsidiaries and affiliates and their licensees, is engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States of America. As of December 31, 2010, its products were sold in approximately 180 countries. The full research report on Philip Morris International Inc. (NYSE: PM) is available here: www.EquityMarketsInc.com/research.php?id=PM.
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