Goldman No Longer Sees Euro-Area Recession as It Lifts Outlook
Wednesday, January 11, 2023
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Economists at Goldman Sachs no longer predict a euro-zone recession after the economy proved more resilient at the end of 2022, natural gas prices fell sharply and China abandoned Covid-19 restrictions earlier than anticipated.
Gross domestic product is now expected to increase 0.6% this year, compared with an earlier forecast for a contraction of 0.1%. Economists led by Jari Stehn warn in a report to clients of weak growth during the winter given the energy crisis, and say headline inflation will ease faster than thought, to about 3.25% by end-2023.
“We also look for core inflation to slow due to cooling goods prices but see continued upward pressure on services inflation due to rising labor costs,” they said. “Given more resilient activity, sticky core inflation and hawkish commentary, we expect the European Central Bank to tighten significantly more in coming months.”
Goldman reiterated its call for half-point increases in interest rates at the ECB’s February and March meetings, followed by a final quarter-point step in May to take the deposit rate to 3.25%.
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APPROVED BROKERS
24-09-2023 01:38:32 (UTC+7)
EUR/USD
1.0648
-0.0010 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (3)
EUR/USD
1.0648
-0.0010 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (3)
GBP/USD
1.2241
-0.0053 (-0.44%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (2)
USD/JPY
148.38
+0.80 (+0.54%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (8)
Sell (0)
AUD/USD
0.6442
+0.0024 (+0.38%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (2)
USD/CAD
1.3482
-0.0001 (-0.01%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (1)
EUR/JPY
157.96
+0.59 (+0.37%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (5)
Sell (0)
EUR/CHF
0.9657
+0.0013 (+0.13%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
Gold Futures
1,944.90
+5.30 (+0.27%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (3)
Sell (5)
Silver Futures
23.820
+0.133 (+0.56%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (3)
Copper Futures
3.6940
-0.0020 (-0.05%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (11)
Crude Oil WTI Futures
90.33
+0.70 (+0.78%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (9)
Sell (0)
Brent Oil Futures
93.83
+0.53 (+0.57%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (0)
Natural Gas Futures
2.649
+0.039 (+1.49%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (1)
US Coffee C Futures
150.23
-4.62 (-2.98%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Euro Stoxx 50
4,207.55
-5.04 (-0.12%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (2)
Sell (5)
S&P 500
4,320.06
-9.94 (-0.23%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (7)
DAX
15,557.29
-14.57 (-0.09%)
Summary
NeutralMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (1)
FTSE 100
7,683.91
+5.29 (+0.07%)
Summary
SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (3)
Hang Seng
18,085.00
+457.50 (+2.60%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
US Small Cap 2000
1,776.50
-5.32 (-0.30%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (9)
IBEX 35
9,502.00
-46.90 (-0.49%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (2)
BASF SE NA O.N.
43.085
-0.380 (-0.87%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (0)
Bayer AG NA
47.64
-0.13 (-0.27%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (1)
Allianz SE VNA O.N.
232.15
+2.20 (+0.96%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (1)
Adidas AG
163.80
+1.00 (+0.61%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (2)
Deutsche Lufthansa AG
8.135
+0.069 (+0.86%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (6)
Sell (2)
Siemens AG Class N
133.24
-0.44 (-0.33%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (1)
Deutsche Bank AG
10.112
+0.020 (+0.20%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (9)
Sell (0)
| EUR/USD | 1.0648 | ↑ Buy | |||
| GBP/USD | 1.2241 | Buy | |||
| USD/JPY | 148.38 | ↑ Buy | |||
| AUD/USD | 0.6442 | Neutral | |||
| USD/CAD | 1.3482 | ↑ Buy | |||
| EUR/JPY | 157.96 | Neutral | |||
| EUR/CHF | 0.9657 | ↑ Sell |
| Gold | 1,944.90 | Sell | |||
| Silver | 23.820 | Sell | |||
| Copper | 3.6940 | ↑ Sell | |||
| Crude Oil WTI | 90.33 | ↑ Buy | |||
| Brent Oil | 93.83 | ↑ Buy | |||
| Natural Gas | 2.649 | ↑ Buy | |||
| US Coffee C | 150.23 | ↑ Sell |
| Euro Stoxx 50 | 4,207.55 | ↑ Sell | |||
| S&P 500 | 4,320.06 | ↑ Sell | |||
| DAX | 15,557.29 | Neutral | |||
| FTSE 100 | 7,683.91 | Sell | |||
| Hang Seng | 18,085.00 | ↑ Buy | |||
| Small Cap 2000 | 1,776.50 | ↑ Sell | |||
| IBEX 35 | 9,502.00 | Buy |
| BASF | 43.085 | ↑ Buy | |||
| Bayer | 47.64 | ↑ Buy | |||
| Allianz | 232.15 | Buy | |||
| Adidas | 163.80 | Neutral | |||
| Lufthansa | 8.135 | ↑ Buy | |||
| Siemens AG | 133.24 | Buy | |||
| Deutsche Bank AG | 10.112 | ↑ Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,845/ 6,895 (6,845/ 6,895) # 1,209 |
| SJC HCM | 6,845/ 6,915 (0/ 0) # 1,225 |
| SJC Hanoi | 6,845/ 6,917 (0/ 0) # 1,227 |
| SJC Danang | 6,845/ 6,917 (0/ 0) # 1,227 |
| SJC Nhatrang | 6,845/ 6,917 (0/ 0) # 1,227 |
| SJC Cantho | 6,845/ 6,917 (0/ 0) # 1,227 |
| Cập nhật 24-09-2023 01:38:34 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,925.42 | +3.96 | 0.21% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 26.270 | 26.790 |
| RON 95-III | 25.740 | 26.250 |
| E5 RON 92-II | 24.190 | 24.670 |
| DO 0.05S | 23.590 | 24.060 |
| DO 0,001S-V | 24.450 | 24.930 |
| Dầu hỏa 2-K | 23.810 | 24.280 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $89.95 | +7.94 | 0.10% |
| Brent | $92.37 | +6.71 | 0.08% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 24.160,00 | 24.530,00 |
| EUR | 25.268,44 | 26.681,69 |
| GBP | 29.070,81 | 30.308,53 |
| JPY | 160,27 | 169,69 |
| KRW | 15,78 | 19,23 |
| Cập nhật lúc 18:50:57 23/09/2023 Xem bảng tỷ giá hối đoái | ||
