News of Cathay Pacific flying back into the black raised hopes, albeit the return to profit was made on the back of fuel-hedging gains which offset declines in passenger and cargo demand.

虽然国泰航空恢复盈利是因为燃油套保收益抵消了客运和货运需求的下降，但是该公司扭亏为盈的消息仍增加了人们的希望。

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That trend spells bad news for auto makers who have been able to rely on the fat profit margins of luxury brands to offset plunging sales of mass-market vehicles with razor-thin margins.

对于那些一直依赖豪华车的丰厚利润来弥补微利的普及车型的制造商来说，这一趋势实在是个坏消息。

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The good news is that other factors will provide an offset. First is international trade.

好消息是其他因素将形成抵消。第一个是国际贸易。

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Also, the PMI report was somewhat offset by news that the German purchasing managers index rose to 54.7 in February from 54.1 in an earlier estimate.

FORBES: A.M. Kitco Metals Roundup: Gold Firmer on Bullish News from Asia, Short Covering

Both developments put a more positive spin on Germany as a business location than it has enjoyed for a while, and offset somewhat the news that during June the business climate index measured by the Ifo Institute for Economic Research fell by an unexpectedly dramatic 1.4 points.

ECONOMIST: Some rare good news from Germany

Hewlett-Packard this afternoon reported slightly better-than-expected results for its fiscal fourth quarter ended October 31, but the good news was offset by weaker-than-expected guidance for the fiscal first quarter ending in January and for all of FY 2012.

FORBES: Hewlett-Packard FY Q4 Tops Ests; Q1, 2012 Guidance Misses; Shrs Slip (Updated)