GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 09/19/23

2023-09-19 10:30:00 ET Summary I expect the Federal Reserve to sit on its hands at this week’s meeting while attempting to tamp down easing financial conditions with tough talk. In Europe, markets are forecasting that last week’s surprise rate hike will be the last h...

2023-09-18 23:35:00 ET Summary The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions. We also have UK CPI and retail sales, as well as global PMI figures to look forward to this week. The BoE could deliver a final 25 bps hike, while the FO...

2023-09-18 22:35:00 ET Summary As the 10-year yield moved up from 3.25% in the spring to 4.35% recently, the stock market generally ignored rising bond yields. If the S&P 500 has risen this far without a considerable rise in earnings, as interest rates are also rising, the dis...

2023-09-18 21:25:00 ET Summary The two major inflation indicators released last week were a bit “hotter” than expected, but that was mostly due to energy price increases. The other big news last week was that the UAW agreed to strike last Friday, which could push the...

2023-09-18 13:10:00 ET Summary We see the new regime playing out and a high interest rate world, with stagnant activity and persistent inflation. We shift our tactical views to reflect this outlook. European stocks rose last week after the likely last European Central Bank rate hi...

2023-09-16 09:30:00 ET Summary Central bank meetings dominate the week ahead, with six G10 central banks meeting. Brazil and Chile have begun cutting rates, while no G10 central bank appears close to reducing rates. The market favors a hawkish hold by the Federal Reserve, whil...

2023-09-16 00:00:00 ET Summary Before yesterday’s ECB meeting, there was a bit of uncertainty about whether the ECB would hike or not, with markets pricing in a 65% implied probability of a 25-bps hike. A break below the May low of 1.0635 still looks likely for the EUR/USD....

2023-09-15 19:55:00 ET Summary Federal Reserve could be cautious as data continues to show economic resilience. BoE may raise rates for the last time in this cycle. BoJ eyed for more clues on interest rates after recent hints. US The main event of the week wi...

2023-09-14 09:20:00 ET Summary The ECB just announced its tenth consecutive policy rate hike since July last year, hiking all interest rates by 25bp. Higher inflation and inflation forecasts look like the main drivers of the hike. The ECB's communication is clear: today was th...

2023-09-14 05:20:00 ET Summary A hike from the ECB today may have limited impact, as a total of 25bp of tightening is already fully priced before year-end. Raising rates today would probably be largely interpreted as pulling forward that final hike, but the appetite to price in mo...