GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 02/08/24

2024-02-08 17:30:00 ET Summary The eurozone escaped a technical recession, and a number of indicators suggest the economy is now bottoming out. The ECB is expected to cut rates from June onwards, but more cautiously than the market is currently anticipating. Headline inflation...

2024-02-08 07:15:00 ET Summary The dollar is narrowly mixed against most of the G10 currencies as it continues to consolidate its recent gains. Japan, the world's third-largest economy, has run trade deficits for the past three years. China remains in deflation. Over...

2024-02-07 19:18:00 ET Summary Global output growth accelerated for a third straight month in January, according to the S&P Global PMI surveys. Financial services reported by far the strongest expansion of the major industries tracked by the global PMI, fueled in turn by resur...

2024-02-07 18:15:00 ET Summary The worldwide PMI surveys compiled by S&P Global Market Intelligence indicated a further deterioration of global trade in December, thereby extending the sequence of decline to nearly 2 years. The seasonally adjusted PMI New Export Orders Index p...

2024-02-07 06:40:00 ET Summary The dollar is trading with a slightly heavier bias. Sterling has moved back into the range that dominated since the middle of last December until the start of this week. The biggest drop in the US 10-year yield since last week's FOMC meeting (~7 ...

2024-02-07 01:53:00 ET Summary A sub-$3trn 2023 for M&A, but new year pipeline gives hope. Rising follow-on equity in 2023 signals latent appetite. Unstoppable debt capital markets hit $8.9trn for FY2023. By Lucille Jones, Senior Manager, Deals Intelligence and...

2024-02-07 00:08:00 ET Summary The decline in bond yields and policy rate expectations that closed 2023 underwent a sharp reversal, but that failed to dampen sentiment in equity markets. The pullback in Fed rate-cut expectations was amplified by Fed Chairman Jerome Powell’s...

2024-02-06 12:30:00 ET Summary The International Monetary Fund (IMF) upwardly revised its 2024 global growth forecast to 3.1% from 2.9%, largely because of a more resilient US economy and policy stimulus in China. New York Community Bank surprised markets by slashing its dividend ...

2024-02-06 10:45:00 ET Summary The FOMC weighed all the economic data and decided to make it clear they would most likely not cut interest rates in March. The Fed’s favorite inflation indicator, the core Personal Consumption Expenditure rate, has been under the Fed’s...

2024-02-06 02:05:00 ET Summary Average prices charged for goods and services rose globally at the slowest rate since October 2020, according to the January worldwide PMI surveys. Service sector price increases slowed, though some stickiness was observed for goods prices, the latte...