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
08-06-2023 09:23:50 (UTC+7)
EUR/USD
1.0711
+0.0012 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
EUR/USD
1.0711
+0.0012 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
GBP/USD
1.2451
+0.0012 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
USD/JPY
139.93
-0.20 (-0.14%)
Summary
SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (2)
AUD/USD
0.6669
+0.0017 (+0.26%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
USD/CAD
1.3361
-0.0009 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
EUR/JPY
149.88
-0.05 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (9)
Sell (0)
EUR/CHF
0.9740
+0.0002 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (1)
Gold Futures
1,961.15
+2.75 (+0.14%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
Silver Futures
23.613
+0.084 (+0.36%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (2)
Copper Futures
3.7580
+0.0025 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
72.47
-0.06 (-0.08%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (7)
Sell (0)
Brent Oil Futures
76.84
-0.11 (-0.14%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (8)
Sell (1)
Natural Gas Futures
2.321
-0.010 (-0.43%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
US Coffee C Futures
186.10
+3.50 (+1.92%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (0)
Euro Stoxx 50
4,291.91
-3.31 (-0.08%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (5)
S&P 500
4,267.52
-16.33 (-0.38%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
DAX
15,960.56
-31.88 (-0.20%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (4)
FTSE 100
7,624.34
-3.76 (-0.05%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (3)
Sell (5)
Hang Seng
19,225.00
-27.00 (-0.14%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (0)
US Small Cap 2000
1,891.11
+35.71 (+1.92%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
IBEX 35
9,359.80
+49.00 (+0.53%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
BASF SE NA O.N.
46.450
-0.310 (-0.66%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (0)
Bayer AG NA
52.13
-0.15 (-0.29%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (7)
Sell (0)
Allianz SE VNA O.N.
208.85
-1.65 (-0.78%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (2)
Sell (7)
Adidas AG
159.26
-0.42 (-0.26%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Deutsche Lufthansa AG
9.133
-0.008 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (0)
Siemens AG Class N
158.46
+0.10 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
Deutsche Bank AG
9.812
+0.028 (+0.29%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (3)
| EUR/USD | 1.0711 | ↑ Buy | |||
| GBP/USD | 1.2451 | ↑ Buy | |||
| USD/JPY | 139.93 | Sell | |||
| AUD/USD | 0.6669 | ↑ Buy | |||
| USD/CAD | 1.3361 | ↑ Sell | |||
| EUR/JPY | 149.88 | ↑ Buy | |||
| EUR/CHF | 0.9740 | ↑ Buy |
| Gold | 1,961.15 | ↑ Buy | |||
| Silver | 23.613 | ↑ Buy | |||
| Copper | 3.7580 | ↑ Buy | |||
| Crude Oil WTI | 72.47 | Neutral | |||
| Brent Oil | 76.84 | ↑ Buy | |||
| Natural Gas | 2.321 | Buy | |||
| US Coffee C | 186.10 | Buy |
| Euro Stoxx 50 | 4,291.91 | ↑ Sell | |||
| S&P 500 | 4,267.52 | ↑ Sell | |||
| DAX | 15,960.56 | ↑ Sell | |||
| FTSE 100 | 7,624.34 | Sell | |||
| Hang Seng | 19,225.00 | ↑ Buy | |||
| Small Cap 2000 | 1,891.11 | ↑ Buy | |||
| IBEX 35 | 9,359.80 | ↑ Sell |
| BASF | 46.450 | ↑ Buy | |||
| Bayer | 52.13 | Neutral | |||
| Allianz | 208.85 | Neutral | |||
| Adidas | 159.26 | Buy | |||
| Lufthansa | 9.133 | ↑ Buy | |||
| Siemens AG | 158.46 | ↑ Buy | |||
| Deutsche Bank AG | 9.812 | Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,635 / 6,675 (-10 / -10) # 1,129 |
| SJC HCM | 6,635/ 6,695 (-10 / -10) # 1,149 |
| SJC Hanoi | 6,635/ 6,697 (-10 / -10) # 1,151 |
| SJC Danang | 6,635/ 6,697 (-10 / -10) # 1,151 |
| SJC Nhatrang | 6,635/ 6,697 (-10 / -10) # 1,151 |
| SJC Cantho | 6,635/ 6,697 (-10 / -10) # 1,151 |
| Cập nhật 08-06-2023 09:23:52 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,945.74 | -17.57 | -0.89% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 22.790 | 23.240 |
| RON 95-III | 22.010 | 22.450 |
| E5 RON 92-II | 20.870 | 21.280 |
| DO 0.05S | 17.940 | 18.290 |
| DO 0,001S-V | 18.800 | 19.170 |
| Dầu hỏa 2-K | 17.770 | 18.120 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $72.52 | +0.48 | 0.01% |
| Brent | $76.77 | +0.33 | 0.00% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 23.285,00 | 23.655,00 |
| EUR | 24.497,36 | 25.869,06 |
| GBP | 28.481,09 | 29.695,52 |
| JPY | 163,26 | 172,84 |
| KRW | 15,52 | 18,91 |
| Cập nhật lúc 09:17:38 08/06/2023 Xem bảng tỷ giá hối đoái | ||
