GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 10/03/23

2023-10-03 03:35:00 ET Summary Global manufacturing prices are on the rise again, according to the latest JPMorgan Global Manufacturing Purchasing Managers' Index compiled by S&P Global, up for a second month in a row in September. The price of West Texas Intermediate has rise...

2023-10-02 23:35:00 ET Summary Last week, crude oil prices reached their highest price since August 2022, with West Texas Intermediate Crude reaching $95/barrel on Thursday. The Commerce Department announced that the trade deficit declined 7.3% in August, as imports declined 1.2% ...

2023-09-30 02:23:00 ET Summary The 10-year BTP-Bund spread touched 200bp yesterday – the level that usually triggers a spillover into FX. The euro is starting from an already undervalued position this time, and the ECB's TPI might mitigate the FX impact, but conditionality ...

2023-09-29 19:30:00 ET Summary This will be a busy week in the US with a looming government shutdown, an expanding UAW strike, a lot of Fed speak, and an NFP report that could show hiring fell to the lowest levels since early 2021. There’s very little of note next week in t...

2023-09-29 07:45:00 ET Summary The dollar's surge has stalled and it is now lower against all G10 currencies, with the dollar-bloc and Scandis leading the move. European stocks are up over 1%, while US index futures are trading higher. Bonds are also rallying. Japan's price pr...

2023-09-29 03:45:00 ET Summary Supply chain activity has largely returned to normal, although uncertainties remain around corporate strategy, global trade policy, and environmental measures. Lower consumer demand is evident in US seaborne imports of consumer goods that have fallen...

2023-09-28 07:00:00 ET Summary The US government shutdown has led to a liquidation of long dollar positions, causing the dollar to weaken against G10 currencies. The Chinese yuan has stabilized ahead of the upcoming holidays, while oil prices have jumped due to low US oil stocks. ...

2023-09-27 07:15:00 ET Summary S&P 500 hits three-month lows, consumer confidence falls to four-month low, and new home sales at lowest level in five years. US dollar continues to rise against G10 currencies, including the euro and sterling. Equities are trading higher tod...

2023-09-27 05:01:00 ET Summary We believe a mild U.S. recession is more likely than not in 2024, although a soft-landing scenario cannot be ruled out. A recession is also likely in the UK and eurozone, but appears less likely in Australia. Equities may remain supported by soft-lan...

2023-09-26 07:00:00 ET Summary Life for the European Central Bank has become even more complicated as surging oil prices add to the trilemma of how to balance slowing economies, the delayed impact of the rate hikes so far and still too-high inflation. Oil prices are currently up b...