GSEU News and Press, Goldman Sachs ActiveBeta Europe Equity From 03/20/24

2024-03-20 07:30:00 ET Summary Tight labour markets make reducing inflation a challenge for central banks. Goods inflation has collapsed, after demand switched to services after Covid, helped by near full employment. The bear inversion of the yield curve has prevailed in 2023,...

2024-03-20 06:55:00 ET Summary Ahead of the outcome of today's FOMC meeting, no change in policy is expected, but the forward guidance, partly delivered in the updated projections, is the focus. Emerging market currencies are mostly lower. Europe's Stoxx 600 is giving back mos...

2024-03-20 06:05:00 ET Summary "Abenomics," an ambitious economic plan created by late prime minister Shinzo Abe, laid the groundwork for today's Japanese stock rally. Today, I think it's fair to say that Japan is realizing much of Abe's vision, as structural reforms appear to be ...

2024-03-16 08:55:00 ET Summary The week ahead is dominated by central bank meetings - most central banks are not expected to change policy. The market is also keen for some guidance on how the Fed is thinking about its balance sheet. We do not expect major changes from Decembe...

2024-03-16 06:40:00 ET Summary S&P Global's PMI surveys indicated that the global economy gained further growth momentum in February. Business activity in the developed world rose at the fastest rate for eight months, increasing for a second month after five months of decline....

2024-03-16 06:25:00 ET Summary S&P Global Market Intelligence's global growth forecast for 2024 has again been revised upward in March. Our forecast of the initial cut in policy rates by the US Federal Reserve has been pushed back to June. Even with the tweaks to our monet...

2024-03-16 06:00:00 ET Summary Europe is often seen as an inferior source of growth to US markets. Europe’s stock markets have been overshadowed by the US for years. Europe’s broad equity markets may suffer from a regional malaise that has tainted investor sentim...

2024-03-15 07:10:00 ET Summary This week's data has seen expectations re-converge with the Fed's three rate cuts signaled in December. As is often the case in a firm US dollar environment, the Canadian dollar has fared the best, slipping only 0.4%. The PBOC left its benchmark ...

2024-03-14 07:05:00 ET Summary While the dollar has traded firmer in the first half of this week, given the 25 bp jump in the US two-year yield, its performance is somewhat disappointing. Most emerging market currencies are softer, but for the second consecutive session, the Hunga...

2024-03-13 12:30:00 ET Summary The Bank of Canada is reluctant to be a first mover on rate cuts and remains anxious about inflation, despite a loosening labor market. ECB President Christine Lagarde said the bank is making good progress toward its inflation target and is feeling m...