GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 11/17/23

2023-11-17 06:05:00 ET Summary Recent consumer price inflation releases in the US, eurozone, and UK have all surprised to the downside. The forecast for global consumer price inflation in 2024 has increased to 4.4%, driven by upward revisions in the Americas. Global PMI data i...

2023-11-16 23:20:00 ET Summary Investors in Eurozone stocks have been taken for a roller-coaster ride thus far this year. These stocks performed strongly during the first several months of 2023 as the pace of economic activity and company profits beat market expectations. In M...

2023-11-16 22:40:00 ET Summary After hitting a new all-time high in February, the FTSE has struggled to find any sustainable support, hurt by concerns over China, the UK’s struggling economy, and high interest rates across the world. We have had some positive data out of Ch...

2023-11-16 07:10:00 ET Summary The US dollar is consolidating as interest rate swings continue, with the US two-year yield trading lower. Dollar bloc currencies are the poorest performing G10 currencies, while European benchmark 10-year yields are mostly lower. Japan's trade b...

2023-11-16 03:55:00 ET Summary The global economic outlook along with market valuations and asset class fundamentals all lead us to favor fixed income. Perhaps the resilient U.S. economy will stave off recession but also drive overheating growth and accelerating inflation that pro...

2023-11-15 06:55:00 ET Summary Capital markets overreacted to softer-than-expected CPI, with implied yield of December 2024 Fed funds futures falling by 25 bp. China's data were uninspiring, with steady industrial output and an increase in retail sales, but property investment and...

2023-11-14 00:50:00 ET Summary Easing services data and reduced government funding needs could lead the ECB to switch to a dovish policy. The most recent decline in bond markets began in mid-September, pushing the German 10-year government rate up close to 3%. The last meeting...

2023-11-11 07:45:00 ET Summary Recent dollar gyrations are closely tied to US rates, with the dollar weakening after the FOMC meeting and weak US 30-year bond auction. High-frequency US data next week is expected to show easing price pressures and cooling consumer demand, potentia...

2023-11-11 01:40:00 ET Summary Real GDP growth was minus one percent for the third quarter, while the PMI Index, a measure of economic health, has been in contractionary territory since the middle of this summer. Draghi’s concerns about the Eurozone’s economic prospe...

2023-11-10 07:25:00 ET Summary Poor reception to 30-year Treasury sale and Federal Reserve Powell's comments on raising rates spooked investors, driving rates higher and fueling a strong dollar recovery. Asian equities weakened, with Hang Seng dropping 1.75%, while European stocks...