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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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Gold steadies as trade tensions ease

Gold is almost unchanged in the Thursday session, following four consecutive days of losses. In North American trade, the spot price for one ounce of gold is $1268.14, down 0.01% on the day. On the release front, major U.S indicators were a mixed bag. The Philly Fed Manufacturing Index slid to 19.9 points, its lowest level…

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