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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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?
Källa: Forbes - 🏆 394. / 53 Läs mer »

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 🚀
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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?
Källa: Forbes - 🏆 394. / 53 Läs mer »