Monday, 9 July 2012, 8:34 am Article: BusinessDesk World Week Ahead: US earnings, China data By Margreet Dietz July 9 (BusinessDesk) – The next round of American corporate earnings, kicked off by Alcoa on Monday, are expected to show the negative impact of Europe's continued struggle to get its sovereign debt crisis under control, as well as that of the slump in China's pace of expansion. Analyst estimates compiled by Bloomberg forecast a 1.8 percent drop in profits for Standard & Poor's 500 companies in the April-June period, which would mark the first year-over-year decline since 2009, even as revenue increased 2.5 percent. Analysts still predict profit growth of 7.2 percent for the...
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