Stock Traders Take Little Comfort From Easing Profit Cuts: ChartBy
Analysts are becoming less pessimistic about the prospects for global earnings growth, though stock investors aren’t buying it. A Citigroup Inc. index tracking profit upgrades versus downgrades at companies worldwide has climbed for seven straight weeks, reaching a one-year high. While it’s close to turning positive for the first time since July 2014, the MSCI All-Country World Index has fallen to a three-week low.
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