GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 12/09/23

2023-12-09 08:15:00 ET Summary Gold experienced a significant drop below $2000 after reaching a record high above $2135, with a $135 range on Monday. WTI oil prices fell to their lowest level in five months, sliding for seven consecutive weeks, matching the longest slide since 201...

2023-12-09 03:35:00 ET Summary Global output price inflation increased slightly in November but remains among the weakest in the past three years. Goods selling price inflation is low, while service sector inflation remains somewhat elevated. Overall demand environment is subd...

2023-12-08 23:00:00 ET Summary Although value stocks have lagged their growth counterparts over much of 2023, we believe the set up for 2024 and beyond looks promising. Currently, the MSCI World Value Index’s price-earnings (P/E) multiple is trading at a discount to its his...

2023-12-08 08:05:00 ET Summary The US dollar is trading mostly within yesterday's range ahead of the November employment data. The Canadian and Australian dollars are the strongest among the G10 currencies, while the South Korean won and Taiwanese dollar are the best performers am...

2023-12-07 23:28:00 ET Summary The ECB will almost surely keep rates on hold at the December meeting. The question is to what extent it will align with the market's aggressive pricing for rate cuts in 2024. We suspect it will fall short of endorsing ultra-dovish expectations. ...

2023-12-07 23:17:00 ET Summary The ECB hike cycle seems over, but the shockwaves of tightening will still shape the eurozone economy in 2024. Traditional lags in transmission are now accompanied by longer ones in average interest burden increases, potentially extending the impact ...

2023-12-06 23:00:00 ET Summary Next week’s challenge for the European Central Bank is how to keep all options open without sounding too dovish but also not too detached from reality. The weak macro economic backdrop no longer justifies rate hikes, even for the hawks. Di...

2023-12-05 02:00:00 ET Summary As we move into 2024, we expect the global economy to slow marginally, with a bumpy landing for major developed economies in the first half. We believe an increasing global risk appetite should favor equities, while the likelihood of falling rates co...

2023-12-02 10:45:00 ET Summary Global manufacturing business conditions worsened for a fifteenth successive month in November. Europe saw the steepest downturn, while production returned to growth in mainland China and showed signs of stabilizing in the UK. Global trade flows ...

2023-12-02 09:45:00 ET Summary Global central banks are facing challenges in responding to new threats to price stability as the markets anticipate the end of the post-Covid monetary tightening cycle. The US economy is expected to slow sharply in Q4, with a broad slowdown in consu...