Despite the fact that many people managed to record much more profits than they did before, the year 2018 appeared to be the worst of the global market since the financial crisis. The substantial decrease in stock prices was the result of unresolved economic problems and prevailing insecurities amongst market players.
News on Caterpillar’s slowing sales just pour more oil on the flame. Economists including those at the International Monetary Fund have been paring their 2019 estimates, and investors will get a better idea of just how much global growth is likely to slow when the company reports quarterly results on Wednesday. Sales and earnings at Caterpillar may show signs of moderating as China’s expansion ebbs and trade uncertainties damp demand, according to Bloomberg Intelligence’s Karen Ubelhart.