Crude Oil Outlook, 26 July 2023: कच्चे तेल की घटती डिमांड और बढ़ती ग्लोबल सप्लाई के बीच गोल्डमैन सैक्स (Goldman Sachs Group) ने कच्चे तेल की कीमतों का पूर्वानुमान (Crude Oil Prices Forecast) एक बार फिर घटा दिया है.
Goldman Sachs
The Argument for Negative Interest Rates in the US has Strengthened, Goldman says — But the Fed Remains Opposed
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks. The argument for cutting interest rates below zero is the same as …
Goldman Sachs sees oil taking a fleeting trip to $70-$75 a barrel
Gold Silver Reports (GSR) – Crude Oil prices could potentially rise as much as 12% from current levels, though the rally may prove fleeting, according to Goldman Sachs Group Inc.
G20 Meeting Could Trigger Rebound in Commodities Prices: Goldman
Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.
Goldman Can’t Rule Out U.S. Naming China a Currency Manipulator
Though China doesn’t meet the three official criteria, the Treasury Department could still accuse the Asian nation if it found that China was manipulating the yuan for trade purposes, Goldman notes. While not the bank’s base case, given that currency matters have played a “central role” in the U.S.-China trade standoff, a formal declaration isn’t unfathomable.
Goldman Sachs Downgrades Indian Equities from Overweight to Market-Weight
Gold Silver Reports (GSR) — While earnings have improved, Indian equities have almost doubled over the past five years and outperformed the Asian region by 60 percentage points in US dollar terms, said the investment bank in the note. “At current levels, we believe the risk reward for Indian equities is less favourable and we lower our investment view from overweight to market-weight,” they said.
Goldman Sachs, Deutsche Bank, and Rothschild are all Getting a Slice of Coca-Cola’s Game-Changing $5.1 Billion Deal for Costa Coffee
Coca-Cola on Friday announced a shock deal to buy the coffee chain Costa Coffee from its parent company Whitbread in a deal valued at just shy of $5.1 billion (£3.9 billion).