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Goldman Sachs Group again lowered the US economic growth forecast for this year and next.
Goldman Sachs Group again cut his forecast for US economic growth this year and next because financial support measures are expected to be reduced by the end of next year and the recovery in consumer spending will be slower than previously expected. The bank cut its US GDP growth forecast for 2021 to 5.6 per cent from 5.7 per cent and its 2022 growth forecast to 4 per cent from 4.4 per cent, according to research released on Sunday by Jan Hatzius, chief economist of Goldman Sachs Group. They point out that "longer-lasting outbreaks are a drag on epidemic-sensitive consumer services" and that semiconductor supplies are expected to be available until 2022.
Do Insiders Own Lots Of Shares In Lefteris Acquisition Corp. (NASDAQ:LFTR)?
The big shareholder groups in Lefteris Acquisition Corp. (NASDAQ:LFTR) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders
Top 20 US stock turnover on August 31: Analysts expect strong results for Tesla in the fourth quarter
In the early morning of the 1st Beijing time, US stocks closed slightly lower on Tuesday, with Nike leading the decline in the Dow. The major stock indexes all recorded gains in August. Investors are closely watching a number of economic data this week, including non-farm payroll reports. Both the consumer confidence index and the Chicago PMI released on Tuesday were weak. The Dow fell 39.11 points, or 0.11%, to 35360.73 points; the NASDAQ fell 6.65 points, or 0.04%, to 15259.24 points; and the S&P 500 index fell 6.11 points, or 0.13%, to 4522.68 points. Nike, a constituent stock of the Dow, closed down 1.9%. The company
Goldman Sachs made two major predictions about economic recovery in the Eurozone post-pandemic era
FX168 Financial News (North America) Goldman Sachs (Goldman Sachs) analysts have predicted economic recovery in the Eurozone post-pandemic era, stressing that they believe the European Central Bank (ECB) will boost its unprecedented stimulus measures and suggest that they may no longer rely on fiscal austerity policies. European investors are concerned about what kind of stimulus measures the ECB will take, especially after the Federal Reserve raised its inflation expectations last week and expects another rate hike in 2023. Goldman Sachs chief European economist Sven Jari Stehn (Sven Jari Stehn) accepted the US on Monday
The frenzied trend of US Treasuries has just begun. The coming months will be crucial.
There will be more madness in the Treasury market. The volatility market indicates that benchmark Treasury yields could rise or fall by nearly 30 basis points over the next three months. The three-month implied volatility of the 10-year swap rate rose the most since March last year on Tuesday, surpassing the level seen on the eve of the 2020 US election. The index measures the expected volatility of bonds. Options break-even analysis shows that traders are expecting the yield on 10-year Treasuries to either rise to the 1.6 per cent hit in February last year or fall back to 1 per cent. The break-even level of the option price does not necessarily represent a fixed target, but it indicates that the bond yield is likely to result.
NIO Inc. 's share price hit a record high. The company released new cars and batteries over the weekend.
Shares of NIO Inc., a Chinese electric carmaker, stood out on Monday after the company unveiled a new high-end car and a larger battery pack over the weekend. NIO Inc. 's American depositary receipts rose 14 per cent to $66.99 in early trading on Monday, while other electric vehicle stocks were mostly lower, including industry leader Tesla, Inc.. NIO Inc. currently has a market capitalization of $104 billion, more than the combined market capitalization of traditional carmakers General Motors Co and Ford. On Saturday, the company held its annual "Nio Day" event in Chengdu to launch a new car ET7, which starts at RMB 448000 before subsidy.
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