GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 07/21/23

2023-07-21 21:20:00 ET Summary The Fed is going to raise rates on Wednesday and seems poised to be noncommittal with what they will do in September. Last week, China’s top policymakers announced a slew of broad-based plans to boost consumer spending and support for private ...

2023-07-21 07:44:00 ET Summary Most of the past month has been dominated by bond buying, typically long-duration in nature. The same has been seen in corporates, and there has also been a decent bid into high-yield bonds. A glance at total return year-to-date show some impressive ...

2023-07-19 22:50:00 ET Summary The Sovereign Debt Wave is at a historic peak and appears set to continue growing. With higher inflation and reduced liquidity, some countries will be able to continue to issue debt easily, while some will not. Franklin Templeton Institute’...

2023-07-19 22:32:00 ET Summary Services CPI is huge. When inflation gets entrenched in services, it’s hard to dislodge. Core CPI (without food and energy) worsened to 5.5% in June, from the preliminary 5.4% and from 5.3% in May. Overall CPI has been plunging for months ...

2023-07-18 09:35:00 ET Summary The Consumer Price Index rose just 0.2% in June - and only 3% in the past 12 months - very close to the Fed’s 2% goal. Producer Price Index provided even better news, as it rose only 0.1% in June, the slowest rate in almost three years. Treasu...

2023-07-18 08:00:00 ET Summary Concerns about the debt of overexposed sectors of U.S. commercial real estate have grown. Investors might be switching their attention from concerns about inflation and monetary policy to optimism about nominal growth. Downward pressure could com...

2023-07-17 19:47:00 ET Summary The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a sixteenth monthly fall in export orders for goods and services at the end of the second quarter. In May, the seasonally adjusted PMI New...

2023-07-17 12:57:00 ET Summary A few weeks ago, it appeared to me that stocks were starting a correction. I was clearly wrong about that as the S&P 500 and NASDAQ have moved higher since then and the rally has broadened out. Small cap, real estate, and commodities continue to ...

2023-07-14 21:14:00 ET Summary On Monday, the US ISM manufacturing report will show activity is slowing down, with the headline reading expected to fall back into contraction territory. The Russian central bank is expected to hike the key rate by 50 basis points on Friday, taking ...

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...