GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 10/20/23

2023-10-20 06:30:00 ET Summary Fed Chair Powell's dovish comments suggest a high bar to another rate hike, capping the 10-year yield and allowing foreign currencies to recover against the dollar. Gold and WTI crude oil prices continue to rise for the fourth consecutive session. ...

2023-10-20 02:55:00 ET Summary The Israel-Gaza war adds to already elevated uncertainty. A major escalation in the conflict would make a material difference to economic prospects and our forecasts. 2024 inflation forecasts have been revised upward again across most reg...

2023-10-19 07:00:00 ET Summary The US dollar strengthened as North American participants entered the market, despite the deteriorating conditions in the Middle East. The strength of the Swiss franc and the Japanese yen reflected the safe haven bid seen in gold and oil. The Aus...

2023-10-18 12:30:00 ET Summary The global outlook is being troubled by rising rates, oil prices and the U.S. dollar, resulting in investor risk aversion. Spiking bond yields are challenging the equity market’s soft landing assumption. With limited prospect of an upgrade to ...

2023-10-18 07:15:00 ET Summary US economic data surprises to the upside, but dollar's initial gains are pared and Dollar Index finishes slightly lower. Heightened tensions in the Middle East lead to a rally in oil prices and a jump in gold prices. Safe haven buying in foreign ...

2023-10-18 05:55:00 ET Summary Long-end rates have returned to - or even surpassed - yield levels seen just before the start of the conflict in the Middle East. The US Treasury 10Y yield has risen above 4.84% again. 4.8% was the level where it closed the week following a strong pa...

2023-10-18 05:35:00 ET Summary Years of aggressive monetary conditions have begun to bite, and global central banks appear near the end of their respective tightening cycles. Growth in Europe was weaker than the US, since households there had comparatively smaller savings to navig...

2023-10-18 01:00:00 ET Summary The IMF's latest assessment of the global economy corresponds closely with the picture portrayed in advance by the PMI surveys. Inflation is meanwhile headed lower, although some uncertainty persists regarding the final leg toward central bank target...

2023-10-17 12:45:00 ET Summary If anything, developments since the September meeting have made it even easier for the European Central Bank to pause at its next meeting. As much as the ECB has tried to keep the door to further rate hikes open since the September decision, recent d...

2023-10-16 23:40:00 ET Summary The U.S. Federal Reserve has undertaken aggressive interest rate hikes in a bid to bring inflation back down to its target. In late 2022, many forecasters were warning of elevated recession risks in the near-term outlook (approximately 12-18 months a...