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%.
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