Mumbai: Goldman Sachs has raised its target on the Nifty to 21,800 by the end of 2024, implying an upside of 10.7% over Monday’s closing level of 19,694. With moderate index gains so far in 2023, and earnings growing at 17%, share valuations appear less elevated now, said the brokerage. “Returns are likely to be … Read more
The use of stop-gap funding measures to keep the US government open amid frequent political squabbles over how to tackle rising national debt carries long-term risks for the world’s largest economy. While the ongoing stasis in Congress has yet to do any serious damage to the buoyant US economy, the regular budget stand-offs — and … Read more
MUMBAI: Global financial sector powerhouse Goldman Sachs on Monday joined a growing list of major brokerages that upgraded India to ‘overweight’ category. Analysts at Goldman Sachs believe in India’s strong economic growth prospects, which is driven by domestic demand, constant flow of money into the market from mutual funds and the expected shift of supply … Read more
Bengaluru: Goldman Sachs upgraded Indian shares to “overweight” from “marketweight”, citing strong economic growth prospects, steady domestic mutual fund inflows and a potential supply chain shift from China. Indian markets will continue to gain in 2024, supported by steady earnings growth and macroeconomic stability in what would otherwise be a “tricky” period in the Asia … Read more
Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start. The central bank will start cutting rates in June 2024, then again in September and every meeting from the fourth quarter onward, … Read more
Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the United States and China. Brent crude futures dipped 8 cents to $81.53 a barrel by 0914 GMT while US crude lost 20 cents to $77.17. … Read more
After dipping the previous week, rates have begun rising once more. Phillip Spears/Getty Images First, the good news: Mortgage rates are no longer at 22-year highs. Now the bad news: The average for a 30-year fixed rate mortgage is still at 7.22%, Mortgage News Daily reported as of September 8, which is right around where they … Read more
At the 2023 Italian Grand Prix, Max Verstappen of Red Bull Racing became the Formula 1 driver with the most consecutive wins in history. Of the 14 races run so far this year, Verstappen has won 12 of them; his teammate Sergio Perez has won the remaining two. If you’ve started getting a little bored, … Read more
It’s a packed week ahead for markets with the European Central Bank holding a crunch meeting on whether or not to hike rates again as the economy falters, while the United States releases latest inflation numbers. Rising oil prices could re-ignite angst about price pressures. Key UK jobs data and a G20 summit, marked by … Read more
Since 2018, a shadowy company called Flannery Associates has been purchasing plots of primarily agricultural land between Vacaville and Rio Vista. Their 52,000 acres, which cost the company nearly $1 billion, make them the single biggest landowner in Solano County. Last week, the people behind Flannery went public: The backers include some of tech’s biggest names, … Read more