50 stocks to buy as China's economy rebounds: Goldman Sachs

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business Business Headlines News

Goldman Sachs: China's reopening economy is gaining momentum, and these 50 stocks are best positioned to benefit from the robust rally

Goldman Sachs recently boosted economic growth estimates for both China and Europe.International stocks, specifically Chinese companies, have trailed their US peers for years — but now they're leaving the US in the dust, and Goldman Sachs believes the trend has staying power.

in late 2022. That led Goldman Sachs to boost its 2023 GDP estimate for the nation from 4.5% to 5.5%, driven by an 8.5% increase in inflation-adjusted consumption. "The Euro area growth outlook has also improved due to the simultaneous tailwinds of faster China growth and a milder-than-feared winter in Europe," Kostin wrote."Our economists estimate that each 1 pp rise in Chinese activity boosts Euro area output by 0.1-0.2%."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs ranks Bitcoin as the best-performing asset of 2023Despite the massive setbacks that the cryptocurrency industry suffered in 2022, including multiple bankruptcies and fraud investigations, the banking giant … Continued
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

USD/JPY: We see less scope for Yen depreciation in the short-term – Goldman SachsAs the USD/JPY pair fades recovery from an eight-month high, analysts at global investment banks like Goldman Sachs unveiled forecasts suggesting limi
Source: FXStreetNews - 🏆 14. / 72 Read more »

Goldman Sachs signals partial retreat from consumer bankingNEW YORK (AP) — Goldman Sachs no longer wants to be the bank for everyone. The storied investment bank spent eight years attempting to expand its business beyond corporations and the wealthy. Sounds like they're planning another heist and this time it'll damage consumer banking.
Source: AP - 🏆 728. / 51 Read more »