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Whatever Wall Street's take on the economy, the mood in C-suites around the world seems to be one of cautious optimism. In a June survey of more than 1,400 executives, one-third of respondents said they expect their companies to log a profit increase this year, up from just 8% of those polled six weeks prior. What's more, the share of executives expecting to pare back their payrolls has dropped to less than half for the first time since January. But don't sing hallelujah just yet: Fewer than one-third of those polled expect their national economies to move into recovery this year. (McKinsey & Co.)

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