Company Operating Profits down by 0.2% in Q4

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Monday, Mar 02 2015

The seasonally adjusted estimate for company gross operating profits fell 0.2% in the December quarter 2014, missing market expectations on 0.7% increase. The seasonally adjusted estimate for wages and salaries rose 0.3% in the December quarter 2014.

Separate report on Final China's Manufacturing PMI data showed increase to 50.7 in February, compared to the earlier flash reading of 50.1. This was up from January’s reading of 49.7, and signalled the first improvement in the health of the sector since last October, albeit marginal.

Data did not have any major impact on the markets with Aussie currently being traded few points above 0.7770 level. Pair is likely to find support around 0.7750 and resistance above 0.7810 level. Later today, in the US session, Manufacturing PMI figures are scheduled for a release.

More in this category: « Growth in China's PMI, PBOC cut interest rates Spanish Manufacturing PMI fell in February »

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