According to Goldman Sachs, the S&P 500 index may reach 8,700 points within the next year, despite a decline in tech shares after the midterm elections in the US. They foresee a notable deceleration in global earnings growth by 2027, mainly in the US. Nevertheless, Goldman remains optimistic about equity valuations, indicating good returns are possible, and…
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US stocks fell as Nvidia’s leadership turmoil triggered a broad technology selloff, sending the Nasdaq down 1.42% and the S&P 500 nearly 1% lower. Softer-than-expected producer inflation offered little relief as investors weighed the outlook for interest rates and the wider AI trade.
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Headlines: Wall Street steadies despite Nvidia drama but dip buyers are still walking a tight rope US bond market cracks resurface as higher for longer fears return to haunt Wall Street Higher real yields and stronger US dollar weigh on gold as Trump puts Iran deal in jeopardy Japan prime minister Takaichi fires another verbal warning as USD/JPY flirts with…
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