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Goldman Forecasts Lower Stock Prices Ahead

A continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank’s strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns. “The US economy…

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US Leading Economic Index Rose 0.4% in May

The Conference Board’s Leading Economic Index increased 0.2 percent in May, short of economists’ expectations. The index was expected increase 0.4 percent in May, according to economists polled by Reuters. May’s increase marks the seventh month of gains, after jumping 0.4 percent to 109.4 in April. “While May’s increase in the U.S. LEI was slower…

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DAX under pressure as investors fret over trade tensions

The DAX index has posted gains in the Thursday session. Currently, the DAX is at 12,614, down 0.65% on the day. On the release front, the sole eurozone indicator is consumer confidence, which is expected to remain pegged at zero for a fifth straight month. On Friday, Germany and the eurozone will release services and manufacturing PMI reports.…

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Oil falls -2% as OPEC nears deal to raise production

Thursday June 21: Five things the markets are talking about Currently, there are many moving parts that are keeping capital market players on their toes. President Trump and Chancellor Merkel continue to deal with immigration policy worries, while trade and tariffs tops most central bankers and other leaders’ agendas. Overnight, the U.S dollar remains better…

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