Goldman Sachs expects Brent prices to average at $92 per barrel (bbl)in 2024, and expects the oil market to tighten at a moderate pace amid solid demand while core OPEC supply remains low. The bank in a note dated Thursday said it expects a 0.7 million barrel per day (mb/d) deficit and a solid 1.6 … Read more
Economists at Goldman Sachs no longer expect the U.S. Federal Reserve to raise interest rates in June, according to a research note published on Wednesday following data that showed consumer prices cooled faster than expected in March. Goldman Sachs had previously expected consecutive rate hikes at the Fed‘s May and June meetings. Economists led by … Read more
Goldman Sachs Group Inc‘s top dealmakers are bullish on a recovery in global mergers & acquisitions (M&A) in the second half of 2023 despite a slowdown in economic growth and a weak credit market. As economic forecasts turn gloomier, executives at the Wall Street powerhouse, including Dan Dees and Jim Esposito, who jointly run its … Read more
Goldman Sachs on Sunday cut its fourth-quarter Brent oil price forecasts by $10 to $100 a barrel, citing factors including a likely hit to consumption from China‘s COVID case spike. But the investment bank said that the China concerns were “another speed bump on the road higher,” since the major consumer has indicated that this … Read more
A little over a year after the formal opening of its global capability centre in Hyderabad, Goldman Sachs is implementing an aggresive expansion plan, one that will see the global invesment banking and financial services major likely close next year with 450,000 sq ft office space and a headcount of 2,500 in the city. “We … Read more
Goldman Sachs Group said it now expects the Federal Reserve to raise interest rates by a half-percentage point at both its May and June meetings to contend with surging inflation, leading the Wall Street bank to revise up its forecasts for US Treasury yields across the curve. The bank now sees shorter-dated yields rising at … Read more