net_left adver left

Goldman Sachs no longer expects recession in euro zone in 2023

Wednesday, January 11, 2023
Goldman Sachs no longer expects recession in euro zone in 2023 © Reuters. The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt, Germany, April 9, 2019. Picture is taken on slow shutter speed while the camera was moved. REUTERS/Kai Pfaffenbach
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2977239" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"8862":"futureCash","266":"Equities"};

(Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural gas prices and the reopening of China's borders.

"We maintain our view that Euro area growth will be weak over the winter months given the energy crisis but no longer look for a technical recession," Goldman Sachs (NYSE:GS) economists led by Sven Jari Stehn said in a note.

The Wall Street bank had in November forecast a 0.1% contraction for the region. A technical recession is typically defined as two consecutive quarters of contraction in gross domestic product (GDP).

Euro zone inflation is expected to be around 3.25% at the end of 2023 compared with 4.50% forecast earlier, the economists said.

In December, consumer price growth across euro zone slowed to 9.2% from 10.1% a month earlier, Eurostat data showed last week.

Core inflation for the region is also seen slowing to 3.3% by the year-end as goods prices cool, but continued upward pressure is expected on services inflation due to rising labour costs, Goldman said.

Given the "sticky" nature of inflation, Goldman expects the European Central Bank to remain hawkish and deliver 50 basis points hikes in February and March before slowing to 25 bps for a terminal rate of 3.25% in May.

For the UK, Goldman sees a smaller contraction of 0.7% in GDP, compared with an earlier expectation for it to shrink by 1%, helped by lower wholesale gas prices.

As the UK labour market remains overheated, the U.S. bank sees another 100 bps worth of hikes by the Bank of England.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
23-03-2023 20:57:03 (UTC+7)

EUR/USD

1.0881

+0.0026 (+0.24%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (10)

EUR/USD

1.0881

+0.0026 (+0.24%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (10)

GBP/USD

1.2314

+0.0050 (+0.41%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

USD/JPY

131.16

-0.28 (-0.21%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (4)

AUD/USD

0.6711

+0.0029 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

USD/CAD

1.3653

-0.0074 (-0.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/JPY

142.72

+0.04 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/CHF

0.9964

+0.0007 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Gold Futures

1,986.60

+37.00 (+1.90%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Silver Futures

23.262

+0.476 (+2.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Copper Futures

4.0968

+0.0523 (+1.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Crude Oil WTI Futures

71.14

+0.24 (+0.34%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Brent Oil Futures

76.92

+0.23 (+0.30%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

Natural Gas Futures

2.208

+0.037 (+1.70%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

US Coffee C Futures

174.72

-3.28 (-1.84%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,192.05

-3.65 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

S&P 500

3,969.63

+32.66 (+0.83%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (8)

Sell (0)

DAX

15,184.05

-32.14 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,503.02

-63.82 (-0.84%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (4)

Hang Seng

20,049.64

+458.21 (+2.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,754.05

+20.71 (+1.19%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (1)

IBEX 35

8,976.01

-33.29 (-0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

BASF SE NA O.N.

46.500

-0.060 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

56.04

-0.59 (-1.04%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (1)

Allianz SE VNA O.N.

207.18

-0.92 (-0.44%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

141.85

+0.85 (+0.60%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

9.860

-0.018 (-0.18%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

Siemens AG Class N

143.88

-1.06 (-0.73%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Deutsche Bank AG

9.510

-0.133 (-1.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

    EUR/USD 1.0881 ↑ Sell  
    GBP/USD 1.2314 ↑ Buy  
    USD/JPY 131.16 Sell  
    AUD/USD 0.6711 ↑ Buy  
    USD/CAD 1.3653 ↑ Sell  
    EUR/JPY 142.72 ↑ Sell  
    EUR/CHF 0.9964 ↑ Sell  
    Gold 1,986.60 ↑ Buy  
    Silver 23.262 ↑ Buy  
    Copper 4.0968 ↑ Buy  
    Crude Oil WTI 71.14 Sell  
    Brent Oil 76.92 Neutral  
    Natural Gas 2.208 ↑ Buy  
    US Coffee C 174.72 ↑ Sell  
    Euro Stoxx 50 4,192.05 ↑ Buy  
    S&P 500 3,969.63 Neutral  
    DAX 15,184.05 ↑ Buy  
    FTSE 100 7,503.02 ↑ Sell  
    Hang Seng 20,049.64 ↑ Buy  
    Small Cap 2000 1,754.05 Neutral  
    IBEX 35 8,976.01 ↑ Buy  
    BASF 46.500 ↑ Buy  
    Bayer 56.04 ↑ Buy  
    Allianz 207.18 ↑ Buy  
    Adidas 141.85 ↑ Buy  
    Lufthansa 9.860 Sell  
    Siemens AG 143.88 ↑ Buy  
    Deutsche Bank AG 9.510 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,660/ 6,710
(10/ 10) # 1,070
SJC HCM6,655/ 6,725
(10/ 10) # 1,085
SJC Hanoi6,655/ 6,727
(10/ 10) # 1,087
SJC Danang6,655/ 6,727
(10/ 10) # 1,087
SJC Nhatrang6,655/ 6,727
(10/ 10) # 1,087
SJC Cantho6,655/ 6,727
(10/ 10) # 1,087
Cập nhật 23-03-2023 20:57:06
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,980.67 +10.9 0.55%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V23.96024.430
RON 95-III23.03023.490
E5 RON 92-II22.02022.460
DO 0.05S19.30019.680
DO 0,001S-V20.56020.970
Dầu hỏa 2-K19.46019.840
ↂ Giá dầu thô thế giới
WTI $71.24 -1.08 -1.54%
Brent $76.65 -1.16 -1.53%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.300,0023.670,00
EUR25.009,8726.410,24
GBP28.229,1229.432,78
JPY174,87185,12
KRW15,8919,36
Cập nhật lúc 18:50:17 23/03/2023
Xem bảng tỷ giá hối đoái
adver main right