GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 10/05/23

2023-10-05 01:55:00 ET Summary “Restrictive for longer” is now the mantra as monetary policymakers seek to bring inflation reliably to target. Though inflation is trending downward globally, major central banks haven’t relaxed their restrictive stances. Mo...

2023-10-04 07:42:00 ET Summary With yield curves still inverted, a short-dated high-yield strategy continues to make sense for return-seeking investors with a defensive mindset. US and euro high-yield spreads have tightened this year (by about 93 bps and 19 bps respectively), driv...

2023-10-04 06:11:00 ET Summary The need for caution in making grand predictions today is amplified by some truly incredible global crosscurrents. Nominal and real U.S. Treasury yields have continued their push to new highs, while equity risk premiums and credit spreads have compre...

2023-10-04 05:28:00 ET Summary Right through the rise in yields in the past couple of months, there have, in fact, been net inflows into Treasuries. As US Treasury yields surged for another day, Bund yields got pulled higher, ending just below 2.97% and thus still a sliver below l...

2023-10-04 03:57:00 ET Summary The US economy has been more resilient than many pundits had anticipated over the past year—but can this resilience continue? The uncertainty surrounding a US government shutdown highlights the long-term challenge of fiscal stability. Shif...

2023-10-03 23:28:00 ET Summary The recent fed funds rate “dot plot” and remarks from US Federal Reserve officials have convinced markets that US rates will be higher for longer. The ongoing auto workers strike and a possible health care workers strike are raising con...

2023-10-03 06:30:00 ET Summary The bear steepening of curves resumed after a US government shutdown was averted and accelerated after better data. Cut discounts are pared as central banks play it safe on inflation. In Europe, Italian spreads recovered amid a strong showing on ...

2023-10-03 04:59:00 ET Summary Global equity market weakness in the third quarter reflects the uncertain outlook. We address some of the big questions on investors’ minds. Technology stocks slipped after a strong first half. Energy was the best-performing sector in the quar...

2023-10-03 04:17:00 ET Summary Europe continued to see the steepest downturn, followed by Japan, leaving the rest of Asia and the US as key areas of growth. The recent manufacturing production malaise is attributable to an ongoing deterioration in demand. Worries about recessi...

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...