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Goldman Sachs Newsroom
Notable Analyst Calls This Week: Tesla, Apple and Boeing Stocks Among Top Picks
Weekly Buzz: CES Came and Brought the Pain? That's Unexpected
Wall Street Today: Labor Gains Hurt a Hurting Market
Travelers, Goldman Sachs Share Losses Lead Dow's 686-Point Fall
Express News | Exclusive-Blackstone Explores Options for Liftoff That Could Value Company at More Than $4 Billion, Sources Say
Catalyst Watch: Bank Earnings, Oil Updates, Powerhouse Conferences in Retail and Healthcare
Non-farm data caused Goldman Sachs and other Wall Street giants to change their stance, while Bank of America predicts the end of the rate-cutting cycle.
After the stronger than expected U.S. December employment data was released on Friday, economists from Bank of America, Citigroup, and Goldman Sachs have revised down their forecasts for further interest rate cuts by the Federal Reserve. Bank of America previously expected two rate cuts of 25 basis points each this year, but now believes there will be none, and instead, there is a possibility of a rate hike. Among Wall Street's big banks, Citigroup, which is most optimistic about rate cuts, still expects five rate cuts of 25 basis points each, but now starting in May instead of January as previously anticipated. Goldman Sachs expects two rate cuts this year instead of three. Aditya Bhave and other economists from Bank of America wrote, 'Following the strong December employment report.'
First Earnings Show Beats are Back, December Jobs Climbed but Market Falls Friday | Live Stock
After the market turbulence, Pimco and Fidelity still remain bullish on United Kingdom government bonds.
Investors such as Pimco, Franklin Templeton, and Fidelity International continue to bet on United Kingdom Bonds despite the sharp decline this week, with some looking to Buy more. The world's largest bond investor, Pimco, remains Bullish on United Kingdom Bonds, while Fidelity portfolio manager Mike Riddell stated that the pullback seems to be driven by hedge funds rather than traditional Asset Management companies. Goldman Sachs Asset Management sees opportunities emerging in short-term United Kingdom Bonds. "We haven't changed our position on United Kingdom Bonds during this decline," said Riddell from Fidelity.
Goldman Sachs favors short-term UK government bonds, downplaying the risk of stagflation in the United Kingdom.
Goldman Sachs Asset Management stated that the market is overly concerned about the stagflation risks in the United Kingdom and added that the softness in the labor market and the easing of inflationary pressures are good reasons to Buy short-end UK government bonds. "We are actually seeing some opportunities emerging, but with a greater focus on the very front end of the yield curve," stated Simon Dangoor, Managing Director of Goldman Sachs Asset Management International, in an interview. He added that the market expects the Bank of England to cut interest rates by about 50 basis points this year, and the increase in these bets "will start to make us feel like we are reaching a better balance point." Medium- to long-term yields will be influenced by Global yield trends.
Dow Drops Nearly 300 Points On Losses In Shares Of NVIDIA Corp., Salesforce
Trump's Potential Top Banking Regulators Tease Lighter Regulatory Touch
Here's Why Moon Capital Management Liquidated Goldman Sachs Group (GS)
U.S. Stock Outlook | The three major Equity Index futures are all down, oil prices have risen over 3%, and the non-farm payrolls are coming tonight.
On January 10th (Friday) in Pre-Market Trading, the three major Equity Index futures of the U.S. stock market all experienced declines.
Goldman Sachs: Initiates a "Buy" rating on NTES-S with a Target Price raised to 181 Hong Kong dollars.
Goldman Sachs released a research report stating that the forecast for NTES-S (09999) Non-GAAP Net income for last year is maintained at 31.72 billion yuan; revenue predictions for this year and next year are raised by 0.4% and 0.5%, and the Non-GAAP Net income forecasts are raised by 0.7% and 0.5% to 35.065 billion and 38.164 billion yuan, respectively. The Target Price has been adjusted from 169 HKD to 181 HKD, believing that the risk-return profile is attractive, with a 'Buy' rating. The report mentions that the third-person hero shooter game 'Marvel Showdown,' developed in collaboration with Marvel, launched its zero test last December.
CNBC Daily Open: South Korea's Markets Power Through Troubles
Earnings Preview: GS to Report Financial Results Pre-market on January 15
Why These ETF Bets in Stocks and Bonds May Pay off in 2025, According to BlackRock
Wall Street's Bonus Frenzy: Top Investment Bankers Eye Double-Digit Pay Boosts As Markets Flourish
BlackRock Reportedly Leaving Net-Zero Trade Group