GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 11/24/23

2023-11-24 06:45:00 ET Summary The ECB is likely already at its interest rate peak, putting the focus on the timing of a first rate cut. As cuts approach in the summer of 2024, the curve should start to disinvert via the front end. But a prospective landing zone of the depo ra...

2023-11-23 05:30:00 ET Summary Inflation reports from the US, eurozone, and UK suggest that their rate hike cycles may have come to an end. I still expect some volatility, as there is still significant uncertainty around the timing of when rate cuts will begin. All in all, I t...

2023-11-22 22:20:00 ET Summary Rate-cut bets have been piling up and getting moved closer, as everything that central bankers say – no matter what – is either being interpreted as “dovish” or is being brushed aside. There is a problem with markets betti...

2023-11-22 07:00:00 ET Summary The dollar stabilizes and strengthens against the euro and yen, while also gaining against most emerging market currencies. Gold consolidates around $2000 after a 1% jump, while US oil inventories cap the price of crude. The Dutch election, Swede...

2023-11-22 05:33:00 ET Summary Deal activity involving sustainable companies dropped 15% to touch a three-year low of $111bn. By number of deals, China led the market for sustainable M&A activity, taking an 18% market share. The market for equity issuance remains moribund, wit...

2023-11-21 09:05:00 ET Summary A more volatile macroeconomic regime, alongside relatively high rates, may mean investors need to demand greater compensation for taking on equity risk; they can meet this higher performance bar by getting precise about targeted opportunities. The AI...

2023-11-18 08:35:00 ET Summary Soft US price data and weaker economic data suggest a convergence of negative factors for the dollar. The US dollar's gains from July are being retraced, with a high degree of uncertainty in the post-Covid business cycle. The market is pricing in...

2023-11-17 23:34:00 ET Summary Slowing inflation, a cooling labour market, and lower expected corporate revenues make a peak in wage growth before the middle of next year likely. While the European Central Bank waits for clarity, this should open the door to earlier rate cuts than...

2023-11-17 07:30:00 ET Summary The Japanese yen is leading against the dollar due to short covering in the Japanese bond market and a decline in US rates. All G10 currencies are stronger, as are most emerging market currencies. European yields are lower, UK retail sales disapp...

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...