GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 09/08/23

2023-09-08 08:05:00 ET Summary Global PMI data shows that average prices charged for goods and services continue to rise at an elevated rate in August. Upward price pressures are primarily coming from consumer-facing service providers, particularly in tourism and recreation, and t...

2023-09-08 07:40:00 ET Summary Global PMI data shows a rising number of sectors slipping into decline in August, indicating a broad-based economic malaise. Consumer services, which led the growth revival in Q2, is now experiencing a decline in new orders due to rising interest rat...

2023-09-08 03:30:00 ET Summary The worldwide PMI surveys compiled by S&P Global Market Intelligence indicated an eighteenth successive monthly deterioration in global trade midway into the third quarter of 2023. Rising slightly to 47.9 in August from 47.8 in July, the seasonal...

2023-09-08 01:10:00 ET Summary At the time of writing in Thursday mid-morning European trade, the German DAX was among several European markets to turn slightly positive on the session, recovering from a weak start. Overnight saw Chinese markets fall quite noticeably, and the sell...

2023-09-07 07:05:00 ET Summary German industrial output declined more than expected, but the euro remains above $1.07 due to expiring large options. The fear of intervention has increased in the Japanese yen, causing the greenback to consolidate against it. Sterling is weak af...

2023-09-07 05:00:00 ET Summary Global economic growth slowed for a third consecutive month in August, with falling factory output and weakened service sector growth. Developed world output contracted for the first time since January, indicating the intensifying drag on growth from...

2023-09-07 03:25:00 ET Summary Global jobs growth remained muted in August, according to PMI survey data. Job gains were largely limited to the emerging markets, where jobs growth hit a 12-year-high. Employment growth has cooled especially sharply in the US and Europe in recent mo...

2023-09-06 11:10:00 ET Summary The August jobs report showed that the US economy is slowing, but it’s still in very good condition. Manufacturing new orders in the eurozone fell to one of the lower levels on record in August. As China’s post-pandemic economic reo...

2023-09-06 09:35:00 ET Summary The European Central Bank (ECB) is facing a difficult decision at its upcoming meeting, with mixed macro data and plunging confidence indicators in the eurozone. Arguments for a pause in rate hikes include falling sentiment indicators and weakening d...

2023-09-06 03:15:00 ET Summary We rationalise why US longer tenor rates are rising – basically, the curve is inverted and getting used to discounting structurally higher rates. If so, reversion to a normal curve must mean dis-inversion from the back end. When something ...