GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 08/01/23

2023-08-01 01:56:00 ET Summary The Fed's trial-by-error approach to inflation. The Fed and ECB hiked rates again. Now what? How to manage your portfolio when traditional data doesn't tell the whole story. The U.S. Federal Reserve and the European Central Bank have ...

2023-07-31 22:45:00 ET Summary The CPI for services spiked by 5.6% in July, compared to a year ago, up from 5.4% in June and 5.0% in May, another record in the data going back to 1997, according to Eurostat today. “Core” CPI (without food and energy products that con...

2023-07-31 14:45:00 ET Summary GDP growth beat expectations at 0.3% quarter-on-quarter in 2Q, but underlying weakness remains significant. For the data-dependent ECB, this GDP reading will not be a dovish argument at the September meeting, leaving a further hike on the table. ...

2023-07-31 11:19:00 ET Summary Falling inflation, recovering growth, relaxed central bankers—how one of the most widely forecast recessions in history failed to happen. Germany is in mild recession, but the rest of Europe’s large economies are ticking over. The U.S. ...

2023-07-31 10:30:00 ET Summary Major central banks tightened policy last week, including unexpectedly in Japan. We see the potential for rising Japanese bond yields to pull global yields higher. The Bank of Japan tweaked its yield cap, sending local yields to a nine-year high. Dev...

2023-07-29 02:40:00 ET Summary The latest round of U.S. data has been strong, the Fed has hiked rates again, and Fed analysts apparently have thrown in the towel on recession risks. If we start to look at developed countries starting in the mid-1990s - so a 30-year historical wind...

2023-07-28 12:09:00 ET Summary Downward-trending core inflation in the first half of 2023 has enabled central banks in the four Central and Eastern European (CEE) economies to focus on reviving domestic demand. The Polish central bank, which has not delivered a rate hike since Sep...

2023-07-27 13:25:00 ET Summary ECB President Christine Lagarde stressed during her press conference that anything was possible, including a pause. The ECB has hiked its main policy interest rate by 25 bp. The deposit interest rate is now at 3.75%. ECB President Christine Lagar...

2023-07-27 10:20:00 ET Summary Overall inflation has moderated in the United States and euro area. But core inflation, excluding food and energy prices, has declined more slowly. Services inflation has proven to be particularly sticky. At the same time, financial conditions have e...

2023-07-26 06:05:00 ET Summary While S&P Global Market Intelligence's global real GDP growth forecast for 2023 is unchanged at 2.4%, this masks regional divergence. From a cycle high of over 8.0% in September 2022, global consumer price inflation has fallen to an estimated 4.7...