GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 06/23/23

2023-06-23 21:15:00 ET Summary Europe appears at great risk for a recession as traders bet on aggressive rate rises by all the European central banks. The Fed is still expected to be nearing the end of their respective rate hiking campaign. If inflation comes down as expected,...

2023-06-22 00:30:00 ET Summary The Fed held rates steady in June but projected two more rate hikes before the end of the year. The ECB hiked rates and made it clear that there’s more work to be done in the inflation fight. Japan maintained its accommodative policy, whil...

2023-06-21 23:45:00 ET Summary The European Central Bank raised its key rate by 25 basis points as expected, but startled investors with its outlook. The European Central Bank decisions last week were in line with market expectations. However, a hawkish surprise came from ECB ...

2023-06-20 09:45:00 ET Summary Sticky inflation is leading major central banks to keep policy tight. We prefer emerging market debt as policy loosens and like short-dated bonds for income. Developed market short-term bond yields jumped after central banks signaled more rate hikes ...

2023-06-19 03:37:00 ET Summary The S&P 500 finished Thursday, June 15 at its highest level in 14 months, and its fifth consecutive weekly gain. The long-suffering Commodities asset class led the way higher last week, but is down YTD and since the October low. The top 7 sto...

2023-06-16 21:50:00 ET Summary Housing data is expected to stabilize, but if we see strong demand for mortgages, that could unnerve the Fed. The CBRT will announce its latest interest rate decision next week and frankly, no one knows what’s going to happen. The latest B...

2023-06-16 01:33:00 ET Summary The European Central Bank (ECB) again raised its three key policy rates by 25 bps - the second occasion it has hiked by such an increment in a row. The interest rate on the main refinancing operations, and the marginal lending facility, and the depos...

2023-06-15 12:45:00 ET Summary The European Central Bank President, Christine Lagarde, is keeping the door wide open for more interest rate rises this summer. Lagarde has been explaining her decision to raise eurozone rates again by 25 basis points today. The ECB will not chan...

2023-06-14 12:15:00 ET Summary A hawkish hold need not be market-moving for dollar rates, and a lot of financial tightening is still in the pipeline. What’s more important is the tone and language used by Chair Powell, where a hawkish tilt should prevent yields from seeing ...

2023-06-13 12:10:00 ET Summary Last week was a momentous one, as the Reserve Bank of Australia and the Bank of Canada both decided to hike rates after enacting conditional pauses. These hikes were important because central banks’ policy decisions can prove infectious, convi...