Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Good News! The Dollar Is Down


MULTINATIONAL BOOST. Of course, some sectors stand to do better than others. The biggest winners from a typical dollar decline are suppliers of consumer staples, energy, materials, and technology, while laggards tend to be financial services, utilities, and telecom, Merrill says.

Better results are already showing for U.S. multinationals such as McDonald's Corp. (MCD ), which reported on May 13 that its sales in Europe rose 19% in April. Most of that was the result of foreign-currency translation, not because the Oak Brook (Ill.) giant sold more burgers and fries in Europe.

With higher profits have come an improved stock market and increased investor wealth -- another plus for the economy. Fatter corporate profits should also relieve some of the pressure on companies to slash costs to boost earnings.

COMPETITIVE ADVANTAGE. Over time, manuf


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus