Goldman Sachs says signs of slowdown in Europe China & slower jobs growth in US

August 13, 2024
-Chinese Yuan, Euro, FCHFX

August 13, 2024 at 10:36PM
Goldman Sachs just a little wary over some of the weaker economic data.

Says a US recession is not priced in

and there are signs of a slowdown in Europe and China

add the recent softening in the US labor market

But, says GS, equity markets are still positioned optimistically:

cyclical stocks have underperformed during the correction

US equity market does not appear to be pricing a recession

This article was written by Eamonn Sheridan at www.forexlive.com.

Goldman Sachs says signs of slowdown in Europe China & slower jobs growth in US

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