U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
The outlook for European manufacturers will be stable over the next 12 to 18 months as a result of ongoing steady earnings growth, says Moody's Investors Service. These improvements will flow from demand stabilisation in European markets and the fruits of restructuring measures.
Moody's report, titled "European Manufacturing: EBITDA Growth to Remain Steady as Companies Reduce Costs", is available on www.moodys.com.
"Stabilising demand in Europe, which will offset slowing emerging market growth, as well as cost-cutting measures will drive anticipated growth and underpin our stable outlook on the European manufacturing sector until 2017," says Roberto Pozzi, a Moody's Vice President -- Senior Credit Officer and author of the report.
Moody's anticipates steady low-single-digit EBITA growth in 2015 and 2016. Industrial automation and transportation end markets will generate the most robust growth, with each to see annual revenue rise by about 4%-5%. Industrial software and signalling, two fairly small but fast-growing segments, will see aggregate growth of about 6%-8%.
Ongoing cost reduction measures will contribute to the improvement in EBITA margins, particularly for ABB Ltd. (A2 stable), Voith GmbH (Baa3 negative), Kion Group AG (Ba2 positive), Heidelberger Druckmaschinen AG (B3 stable) and Royal Philips N.V. (Baa1 stable). Moody's expects aggregate EBITA margins to remain at about 10% over the next 12-18 months.
Moody's expects that demand in the energy sector will further weaken, while European construction demand to continue to stabilize this year and next.
