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Goldman Sachs slashes 2024 European earnings growth forecast

Goldman Sachs slashes 2024 European earnings growth forecast Oct 18 (Reuters) - Goldman Sachs slashed its 2024 annual earnings growth forecast for Europe's STOXX 600 index .STOXX to 2% from 6% on Friday, citing risks from rising corporate taxes and potential trade tariffs. An escalation in trade tariffs would knock off up to 9 percentage points from the European benchmark equity index's earnings growth in 2026, Goldman strategists said.
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US equity funds draw big inflows on bank earnings, rate cut hopes

GRAPHIC-US equity funds draw big inflows on bank earnings, rate cut hopes Oct 18 (Reuters) - U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate cut in November and signs of cooling inflation . According to LSEG data, U.S.
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US equity bears are no match for FOMO + TINA: McGeever

COLUMN-US equity bears are no match for FOMO + TINA: McGeever The opinions expressed here are those of the author, a columnist for Reuters. By Jamie McGeever ORLANDO, Florida, Oct 18 (Reuters) - FOMO and TINA are two English-language acronyms that have become common parlance in financial markets. Together, they help explain the relentless rise of U.S.
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Tokio Marine pauses sale of $1 bln Southeast Asia life insurance business, sources say

EXCLUSIVE-Tokio Marine pauses sale of $1 bln Southeast Asia life insurance business, sources say By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG, Oct 18 (Reuters) - Japanese insurer Tokio Marine 8766.T has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said.
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Goldman teams up with Blackstone to sell novel fund finance bond- Bloomberg News

MEDIA-Goldman teams up with Blackstone to sell novel fund finance bond- Bloomberg News -- Source link: https://tinyurl.com/272y5gd8 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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