News Formal

European stocks and Dow futures fall as Goldman slashes GDP view, citing lack of stimulus

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

European stocks, U.S. futures weaken after a rough day on Wall Street

European stocks dropped and U.S. stock futures weakened on Thursday, as investors have largely given up on the idea that the U.S. Congress will provide new stimulus, while worrying about a recent rise in COVID-19 cases.

Economists at Goldman Sachs cut their U.S. growth forecast for the fourth quarter in half, to 3% from 6%. “We think it is now clear that Congress will not attach additional fiscal stimulus to the continuing resolution. This implies that after a final round of extra unemployment benefits that is currently being disbursed, any further fiscal support will likely have to wait until 2021,” the economists said.

Ajay Rajadhyaksha, a New York-based strategist for U.K. bank Barclays, told clients that “the valuation gap between growth and value equities is now at such an extreme that value stocks offer positive asymmetry on the next leg of the recovery, which should help European and other non-U.S. indices.”

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Dow Falls Over 500 Points As Tech Stocks Drag Market LowerStocks were widely for sale on Wednesday as a decline in tech shares again dragged the market lower. skleb1234 Call to action SEATS4STIMULUS PURPLEPOWER PayPUA STIMULUSCHECK 1200 not enough 💜💜💜💜LALATE skleb1234 Fell Down?
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »

Dow rises over 100 points as stocks continue rebound from selloffStocks opened mostly higher Wednesday, a day after the S&P 500 and Nasdaq Composite snapped four-day losing streaks and the Dow Jones Industrial Average... $nwgi 🚀
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Dow Falls Over 500 Points As Tech Stocks Drag Market LowerStocks were widely for sale on Wednesday as a decline in tech shares again dragged the market lower. skleb1234 Call to action SEATS4STIMULUS PURPLEPOWER PayPUA STIMULUSCHECK 1200 not enough 💜💜💜💜LALATE skleb1234 Fell Down?
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »