European Firms Highlight Adverse Affect of Rising Commodities Prices
EuroFinance has announced preliminary survey results into economic issues concerning large, multinational companies. Figures show that recent rises in commodity prices has made it harder for global firms to protect profit margins. Over 230 CFOs, treasurers and finance directors were surveyed. Figures also show that 70% of respondents feel that oil prices will peak at around US$180 a barrel, falling short of the recently predicted US$200 a barrel. The quarterly survey will be updated in September.