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Goldman Sachs has revised its oil price forecasts downward, anticipating slower demand growth and increased OPEC+ supply. The bank now expects Brent crude to average $71 per barrel in December 2025 and $68 in 2026, while WTI is projected at $67 and $64, respectively. Oil demand growth is now estimated at 0.9 million barrels per day for 2025, reflecting a slowdown in U.S. GDP growth due to higher tariffs.
Gold prices have surged past the $3000 mark, driven by geopolitical tensions, trade disputes, and persistent inflation concerns, solidifying its status as a safe-haven asset. Central banks have significantly increased their gold reserves, with China leading the charge, reflecting strong institutional confidence in gold's long-term value. However, potential risks such as overvaluation and shifts in Federal Reserve policy could impact future price stability.
Gold prices have surged past the $3,000 mark, driven by geopolitical tensions, inflation concerns, and strong central bank demand, with major institutions like Goldman Sachs and UBS revising their forecasts upward. Central banks added over 1,000 tonnes to reserves in 2023, reflecting confidence in gold's long-term value. However, risks such as potential overvaluation and shifts in Federal Reserve policy could impact future prices.
Increased disposable income following tax cuts in the Union Budget 2025 is set to boost sales in the quick-service restaurant (QSR) sector, according to Goldman Sachs. After facing challenges from high inflation and geopolitical issues, QSRs are beginning to recover, with a notable 4.2% year-on-year growth in dine-in sales reported in 3QFY25. Analysts anticipate a positive trend in same-store sales growth starting from 3QFY25, driven by improved affordability and value offerings.
UBS has initiated coverage of Smithfield Foods (SFD) with a Buy rating and a $26 target, citing the company's integrated business model and productivity initiatives. Currently trading at $21.10, analysts believe the stock is undervalued, with potential for dividend growth and a strong financial position. Other firms, including Goldman Sachs and Morgan Stanley, have also issued positive ratings, highlighting Smithfield's dominance in the packaged meats sector and strategic improvements in hog production.
UBS has initiated coverage of Smithfield Foods with a Buy recommendation and a $26 price target, highlighting the company's integrated business model and productivity initiatives. With a current stock price of $21.10, analysts see it as undervalued, supported by a strong financial position and growth potential in the packaged meats segment. Other major financial institutions have also issued positive ratings, reflecting a consensus on Smithfield's strategic advantages and market opportunities.
Gold has reached a new all-time high of $2,947.23 an ounce, with analysts predicting it will soon hit the $3,000 mark, just 2% away. UBS has raised its forecast to $3,200 for the second half of 2025, driven by geopolitical volatility, strong central bank demand, and a fear of missing out among investors. Meanwhile, Goldman Sachs and JP Morgan also set year-end targets at $3,000, while Morgan Stanley anticipates a drop to $2,700 in Q4.
Gold prices are projected to soar to $3,100 per ounce, according to forecasts from UBS and Goldman Sachs. This significant increase reflects growing market expectations and economic factors influencing the precious metal's value. Investors are advised to monitor these developments closely.
Morgan Stanley anticipates that HSBC Holdings and Standard Chartered will focus on their ability to maintain return on equity (RoE) in their upcoming FY24 results, with HSBC possibly releasing more capital. A stable RoE outlook is expected to support bank stock prices, although sluggish operational prospects may hinder performance. Additionally, loan growth for Hang Seng Bank and BOC Hong Kong is projected to remain weak, with net interest margins under pressure due to declining asset yields.
Global markets are reacting to new tariffs announced by Trump, effective February 4, imposing a 25% levy on Mexican and most Canadian goods, and a 10% tariff on Chinese imports. Analysts predict these measures could increase inflation and reduce GDP growth, with Canada and Mexico facing severe economic consequences. Retaliatory actions from Canada, Mexico, and China raise concerns of a broader trade war, impacting existing trade agreements and increasing market volatility.
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