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
04-10-2023 20:08:55 (UTC+7)
EUR/USD
1.0524
+0.0059 (+0.56%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (8)
EUR/USD
1.0524
+0.0059 (+0.56%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (8)
GBP/USD
1.2172
+0.0097 (+0.80%)
Summary
NeutralMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (3)
Sell (5)
USD/JPY
148.88
-0.14 (-0.09%)
Summary
NeutralMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (4)
Sell (3)
AUD/USD
0.6340
+0.0039 (+0.62%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (2)
USD/CAD
1.3715
+0.0008 (+0.05%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (7)
EUR/JPY
156.69
+0.72 (+0.46%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (3)
Sell (6)
EUR/CHF
0.9630
-0.0010 (-0.10%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
Gold Futures
1,842.05
+0.55 (+0.03%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (9)
Silver Futures
21.435
+0.058 (+0.27%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (8)
Copper Futures
3.6075
-0.0135 (-0.37%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
Crude Oil WTI Futures
87.66
-1.57 (-1.76%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (6)
Sell (3)
Brent Oil Futures
89.34
-1.58 (-1.74%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (2)
Natural Gas Futures
3.026
+0.077 (+2.61%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
US Coffee C Futures
147.90
-0.85 (-0.57%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (2)
Sell (3)
Euro Stoxx 50
4,120.25
+24.66 (+0.60%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (9)
S&P 500
4,229.45
-58.94 (-1.37%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
DAX
15,148.85
+63.64 (+0.42%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (8)
FTSE 100
7,464.25
-5.91 (-0.08%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Hang Seng
17,186.00
-90.00 (-0.52%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (1)
US Small Cap 2000
1,724.80
-32.02 (-1.82%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (3)
Sell (5)
IBEX 35
9,172.33
+6.83 (+0.07%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
BASF SE NA O.N.
42.065
+0.305 (+0.73%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (8)
Bayer AG NA
44.47
+0.59 (+1.34%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (1)
Sell (6)
Allianz SE VNA O.N.
220.68
-0.27 (-0.12%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Adidas AG
162.34
+1.62 (+1.01%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (9)
Deutsche Lufthansa AG
7.158
-0.090 (-1.24%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (4)
Sell (1)
Siemens AG Class N
134.51
+1.41 (+1.06%)
Summary
NeutralMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (3)
Sell (4)
Deutsche Bank AG
9.950
+0.019 (+0.19%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (8)
| EUR/USD | 1.0524 | Sell | |||
| GBP/USD | 1.2172 | Neutral | |||
| USD/JPY | 148.88 | Neutral | |||
| AUD/USD | 0.6340 | ↑ Buy | |||
| USD/CAD | 1.3715 | ↑ Sell | |||
| EUR/JPY | 156.69 | Neutral | |||
| EUR/CHF | 0.9630 | ↑ Sell |
| Gold | 1,842.05 | ↑ Sell | |||
| Silver | 21.435 | ↑ Sell | |||
| Copper | 3.6075 | ↑ Sell | |||
| Crude Oil WTI | 87.66 | ↑ Buy | |||
| Brent Oil | 89.34 | Neutral | |||
| Natural Gas | 3.026 | ↑ Buy | |||
| US Coffee C | 147.90 | Neutral |
| Euro Stoxx 50 | 4,120.25 | ↑ Sell | |||
| S&P 500 | 4,229.45 | ↑ Buy | |||
| DAX | 15,148.85 | ↑ Sell | |||
| FTSE 100 | 7,464.25 | ↑ Sell | |||
| Hang Seng | 17,186.00 | ↑ Buy | |||
| Small Cap 2000 | 1,724.80 | Neutral | |||
| IBEX 35 | 9,172.33 | ↑ Sell |
| BASF | 42.065 | ↑ Sell | |||
| Bayer | 44.47 | Neutral | |||
| Allianz | 220.68 | ↑ Sell | |||
| Adidas | 162.34 | ↑ Sell | |||
| Lufthansa | 7.158 | Buy | |||
| Siemens AG | 134.51 | Neutral | |||
| Deutsche Bank AG | 9.950 | ↑ Sell |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,820 / 6,870 (-20 / -20) # 1,473 |
| SJC HCM | 6,815/ 6,885 (-5 / -5) # 1,487 |
| SJC Hanoi | 6,815/ 6,887 (-5 / -5) # 1,489 |
| SJC Danang | 6,815/ 6,887 (-5 / -5) # 1,489 |
| SJC Nhatrang | 6,815/ 6,887 (-5 / -5) # 1,489 |
| SJC Cantho | 6,815/ 6,887 (-5 / -5) # 1,489 |
| Cập nhật 04-10-2023 20:08:57 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,826.63 | +2.95 | 0.16% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 25.370 | 25.870 |
| RON 95-III | 24.840 | 25.330 |
| E5 RON 92-II | 23.500 | 23.970 |
| 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 | $86.64 | +4.63 | 0.06% |
| Brent | $88.93 | +3.27 | 0.04% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 24.210,00 | 24.580,00 |
| EUR | 24.873,21 | 26.238,71 |
| GBP | 28.676,26 | 29.897,08 |
| JPY | 158,99 | 168,29 |
| KRW | 15,49 | 18,87 |
| Cập nhật lúc 18:51:01 04/10/2023 Xem bảng tỷ giá hối đoái | ||
