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Goldman Sachs has revised its 12-month price forecast for Europe's STOXX 600 index, lowering it from 580 to 570. The adjustment is attributed to the potential effects of U.S. President Donald Trump's tariff plans on the market.
Goldman Sachs has revised its 12-month price forecast for Europe's STOXX 600 index, lowering it from 580 to 570. The adjustment comes in response to the anticipated effects of U.S. President Donald Trump's tariff plans, as noted in a recent report.
Goldman Sachs has revised its forecast for U.S. Federal Reserve interest rate cuts, now predicting three quarter-point reductions in July, September, and November, amid increased recession risks linked to tariff uncertainties. The firm raised the 12-month recession probability to 35% and lowered its fourth-quarter GDP growth forecast to 1.0%, while also anticipating a rise in the unemployment rate to 4.5%.
Goldman Sachs has raised the probability of a U.S. recession to 35% and forecasts three interest rate cuts by the Federal Reserve, citing President Trump's tariffs as a significant factor impacting the global economy. The firm has also lowered its GDP growth forecast for the U.S. in 2025 to 1.5% and cut its year-end target for the S&P 500 index to 5,700. Additionally, Europe is expected to face a more severe economic downturn, potentially entering a technical recession, with the European Central Bank anticipated to implement further rate cuts.
Barclays has increased its year-end target for the STOXX 600 index from 545 to 580, attributing the revision to German fiscal reforms that enhance long-term growth prospects for Europe. This adjustment reflects a more optimistic outlook for the region's economic performance.
Barclays has increased its year-end target for the STOXX 600 index to 580, up from 545, due to expectations that German fiscal reforms will enhance long-term growth prospects for Europe. This adjustment reflects a more optimistic outlook for the region's economic performance.
Joel Jose
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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