Business & Finance
Business and Finance
Business and Finance
Fri, October 21, 2011 What's Ahead: Today's Economic Outlook - Equity Research on Itau Unibanco Holding SA (ADR) and Banco Santander-Chile (ADR)
October 21, 2011 09:00 ET
What's Ahead: Today's Economic Outlook - Equity Research on Itau Unibanco Holding SA (ADR) and Banco Santander-Chile (ADR)
MACAU--(Marketwire - Oct 21, 2011) - Today, [ www.EquityMarketsInc.com ] announced its research report highlighting Itau Unibanco Holding SA (ADR) (
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 Itau Unibanco Holding SA (ADR) for its current position within the financial industry. Itau Unibanco Holding S.A. is a bank in Brazil. The Company has four operational segments: Commercial Banking, Itau BBA, Consumer Credit and Corporate and Treasury. The full research report on Itau Unibanco Holding SA (ADR) (
Equity Markets has reviewed Banco Santander-Chile (ADR) for its development within the financial industry. Banco Santander Chile is a Chile-based banking institution. The full research report on Banco Santander-Chile (ADR) (
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