China cough chills US reports 

China cough chills US reports

Oct 10, 2012 (Menafn - The Australian Financial Review - ABIX via COMTEX) --Cummins, Yum Brands and Alcoa have started the corporate profits reporting season in October 2012 in the US. While fast food chains operator Yum issued a good result and aluminium group Alcoa also exceeded expectations, the latter warned of tougher conditions ahead as a consequence of the more subdued growth in China. This was also a factor in the disappointing data released by truck engines maker Cummins. Meanwhile new research by Citigroup shows that most fund managers forecast earnings growth of an average 4.6% for companies in the S&P 500 Index during 2013.

Publication Date: 11 October 2012

STANDARD AND POOR'S 500 INDEX
CUMMINS ENGINE COMPANY
YUM BRANDS INCORPORATED
ALCOA INCORPORATED
CITIGROUP INCORPORATED
KFC
PIZZA HUT
TACO BELL
INTERNATIONAL MONETARY FUND
DOW JONES INDUSTRIAL AVERAGE INDEX
EUROPEAN CENTRAL BANK
UNITED STATES.FEDERAL RESERVE BOARD

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