GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 07/13/23

2023-07-13 10:00:00 ET Summary The ECB’s June meeting delivered not only another rate hike but also a de facto pre-announcement of a July hike by ECB President Christine Lagarde. Besides the next rate hike pre-announcement, the minutes provided some additional insights into...

2023-07-12 08:30:00 ET Summary Stubborn core inflation remains the key concern for the Federal Reserve. Unfortunately, relatively strong wage growth exacerbates that concern. We would not be surprised to see more monetary stimulus and some targeted fiscal stimulus in China, which ...

2023-07-12 03:35:00 ET Summary Eurozone house prices declined for the second consecutive quarter in the first quarter of 2023. Amid a weak credit outlook, S&P Global Market Intelligence expects a further deterioration in real esate price momentum in the coming quarters. Th...

2023-07-12 01:50:00 ET Summary ETFs remain a fraction of the total global financial market in both equities and fixed income, ranging from 4.2%-12.6% of equities and 0.4%-2.7% of fixed income assets by region. ETFs represent 12.6% of equity assets in the U.S., 8.0% in Europe, and ...

2023-07-10 03:36:00 ET Summary After making a new 2023 high on Monday, the market spent the next three days backing and filling. For the week, it was down 1.2%. We are now in a Golden Cross configuration, with the 50-day above the 200-day. The best performer last week (and the...

2023-07-07 23:13:00 ET Summary The disinflationary trend in the eurozone has started and should gain more momentum after the summer. It will take a while but core inflation should follow suit as well. Experts and central bankers will be hesitant to make an outright call for a shar...

2023-07-07 22:32:00 ET Summary The monthly core reading is expected to rise 0.3%, while the year-over-year reading softens to 5.0%. Better data seems to be appearing everywhere but the UK at the moment and BoE policymakers will be hoping the jobs data brings some overdue good news...

2023-07-07 09:00:00 ET Summary Putting the latest PMI data into perspective, the current readings suggest global consumer price inflation will continue to cool from the estimated 5.3% annual rate seen in May. The stickiness of inflation is stemming from the service sector. In ...

2023-07-07 04:43:00 ET Summary Moves yesterday took us to break-out levels for market rates. It does not feel like the move is over yet, and today's payroll report will have its say first. A weak report would look like a contradiction given the ADP, but payrolls are still the ...

2023-07-07 00:53:00 ET Summary The latest data show that eurozone growth is not picking up, with services now also losing steam. While it’s not all downhill from here, subdued growth is the best we can hope for. Inflation is now clearly coming down, but the European Cen...