GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 10/11/23

2023-10-11 06:30:00 ET Summary The Israel-Hamas War has shocked the world and brought geopolitical risk to the forefront of global conversation. The September "dot plot" from the Federal Open Market Committee triggered fears that the US Federal Reserve would keep interest rates "h...

2023-10-11 03:24:00 ET Summary Consumer spending has remained resilient to date; therefore, the timing of a recession has become unclear. Higher rates have made yield the beacon for bondholders and drawn stability-seeking investors toward investment-grade credit. Solid reserve...

2023-10-10 03:36:00 ET Summary The growing signs of weakness in interest-rate sensitive sectors has accompanied a spreading manufacturing malaise. More worrying still are the September PMI data on new orders, which signalled the first fall in demand for goods and services since Ja...

2023-10-09 23:06:00 ET Summary Worldwide Purchasing Managers' Index averaged 47.9 in the third quarter, down from 48.8 in the second quarter, thereby indicating that trade conditions deteriorated at the fastest quarterly rate so far this year. Manufacturing new export orders fell ...

2023-10-07 06:30:00 ET Summary Eurozone growth continues to soften, with negative growth in the fourth quarter now a growing risk. While a full-blown recession might still be averted, 2024 growth is likely to be lower than this year. Inflation is declining slowly, but with the...

2023-10-07 04:42:00 ET Summary The Global PMI data showed the rate of inflation of average prices charged for goods and services ticking higher, and continuing to rise at an elevated rate by historical standards. The service sector inflation was again evident, linked to waning dem...

2023-10-07 02:25:00 ET Summary Financial inclusion in the U.S. has significantly decreased, possibly due to employers preparing for leaner times ahead. Southeast Asian economies like Thailand, Malaysia, and Singapore are rapidly advancing in financial inclusion. The weakening ...

2023-10-05 23:36:00 ET Summary Chinese real estate concerns, a ramping up of the ECB's quantitative tightening, and fresh instability in US commercial property and regional banks all pose risks to our current base case. There seems to be a growing view within the European Central ...

2023-10-05 04:08:00 ET Summary The Federal Reserve continues to signal the potential for a further rate hike this year, given that inflation remains above target, the jobs market is tight and activity has proven to be surprisingly resilient. Official European Central Bank comments...

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...