Goldman Sachs and Bank of America revised their forecasts for the European Central Bank’s interest rates today, estimating that a new surge in inflation will prompt its officials to respond aggressively. In particular, as Bloomberg reported, economists from both banks are now predicting that the ECB will raise interest rates by 75 basis points (0.75%) […]
Tag: Goldman Sachs
Goldman Sachs: Raises target prices for Greek banks
Her Eleftherias Kourtalis Goldman Sachs raises target prices for Greek banks after Q2 results to incorporate management’s new guidance, market trends, as well as higher earnings per share estimates and increased regulatory capital reserves . As he notes, market reaction to the results has been positive for all four Greek banks: shares are up 15% […]
Goldman Sachs: Impressive performances in Greece, Portugal and Spain limit recession in Eurozone that has already begun
Her Eleftherias Kourtalis The ongoing energy crisis has further weakened growth prospects across Europe, with Goldman Sachs now expecting a recession in the Eurozone, which it estimates has already started in the current third quarter and will continue into the fourth quarter. However, the North-South development gap is huge, as he emphasizes, with resilience and […]
Goldman Sachs: Impressive performances in Greece, Portugal and Spain limit the recession in the Eurozone
Her Eleftherias Kourtalis The ongoing energy crisis has further weakened growth prospects across Europe, with Goldman Sachs now expecting a recession in the Eurozone, which it estimates has already started in the current third quarter and will continue into the fourth quarter. However, the North-South development gap is huge, as he emphasizes, with resilience and […]
Goldman Sachs: Buy commodities now, worry about recession later
By Eleftherias Kourtalis Overblown recession fears gripped commodity markets, particularly oil, in June, in one of the worst monthly performances in 8 years. Since then, major commodity indices have recovered, but prices for crude, petroleum products, aluminum, wheat and corn, among many others, remain well below previous highs. Judging by recent price action, Goldman Sachs […]
Goldman Sachs: End of stock rally, ‘hard’ landing – Recession and inflation will lead to strong sell-off
By Eleftherias Kourtalis The rally in stocks is unlikely to continue amid risks that include a recession and a new upside surprise in inflation, thus requiring the Fed to raise interest rates further and significantly, Goldman Sachs strategists warned. As they point out in a new report, the S&P 500 has jumped 17% in eight […]
Nomura and Goldman further lower the bar for China’s GDP this year
Nomura and Goldman Sachs further revised down their forecasts for China’s economic growth this year. In particular, Nomura revised its forecast for GDP in the world’s second-largest economy to 2.8% from 3.3% previously, citing the latest economic data outside the country. With the move, Nomura continues to give the lowest forecast among investment houses, echoing […]
Nomura and Goldman further lower the bar on China’s GDP
Nomura and Goldman Sachs further revised down their forecasts for China’s economic growth this year. In particular, Nomura revised its forecast for GDP in the world’s second-largest economy to 2.8% from 3.3% previously, citing the latest economic data outside the country. With the move, Nomura continues to give the lowest forecast among investment houses, echoing […]
Goldman Sachs: It will be difficult for the Fed to tame inflation without causing a recession
The U.S. central bank may have made progress in allaying concerns about the path of the economy, but it is showing little progress in slowing wage growth and reining in high inflation, according to Goldman analysts. Sachs, who estimate that the Fed will struggle to tame soaring prices without triggering a recession. The stock market […]
Goldman Sachs: Too early to talk about the end of the bear market – the recent rebound in stocks is a ‘trap’
Her Eleftherias Kourtalis Following accordingly… “bells” rung by many international houses -UBS, BofA, Morgan Stanley- Goldman Sachs is once again warning investors not to be fooled by the recent market rally. As it notes in today’s report, in recent weeks there has been a turn to the more positive in terms of investor sentiment and […]