Expert's Economic Outlook, Global - Equity Research on Nordstrom, Inc. and Kohl's Corporation
(firmenpresse) - MACAU -- (Marketwire) -- 10/14/11 -- Today, announced its research report highlighting Nordstrom, Inc. (NYSE: JWN) and Kohl's Corporation (NYSE: KSS). Full content and research is available at .
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 Nordstrom, Inc. for its current position within the services industry. Nordstrom, Inc. is a fashion specialty retailer. The Company offers apparel, shoes, cosmetics and accessories for women, men and children. The Company has two segments: Retail and Credit. The full research report on Nordstrom, Inc. (NYSE: JWN) is available here: .
Equity Markets has reviewed Kohl's Corporation for its development within the services industry. Kohl's Corporation operates family-oriented department stores that sells apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares. The Company's apparel and home fashions appeal to classic, modern classic and contemporary customers. As of January 29, 2011, the Company operated 1,089 stores in 49 states. The full research report on Kohl's Corporation (NYSE: KSS) is available here: .
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Samuel Littman
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Datum: 14.10.2011 - 13:00 Uhr
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News-ID 76254
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