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Macroeconomic Concerns

All articles tagged with #macroeconomic concerns

energy2 years ago•2 min saved

Oil Prices Dip on Macroeconomic Worries and OPEC+ Cuts

Oil prices retreated from a ten-week high due to profit-taking and concerns about the US and Chinese economies. The steepest drop in China's producer price index (PPI) since December 2015 raised concerns about the country's post-Covid recovery. However, ongoing OPEC+ efforts to tighten the physical market and the US Administration's plan to purchase oil for the Strategic Petroleum Reserve limited the decline. The market will closely watch the US Consumer Price Index report and OPEC and IEA's monthly reports later this week.

via OilPrice.com|

#china #energy #macroeconomic-concerns

finance2 years ago•3 min saved

Goldman Sachs predicts slow inflation recovery for US economy.

Strategists at Societe Generale have increased their year-end S&P 500 target to 4,300, citing the 500 points added to the index by "AI boom" stocks. They also note positive signals such as a 3-4% increase in S&P 500 earnings per share and improving profit margins. However, they still see macroeconomic concerns and predict a drop in the S&P 500 to 3,800 by the first half of 2024 due to profit-margin reversal, credit weakness, and rising recession risk. The positive risk is that the AI boom feeds into the market, while the negative risk is anything that leads oil to move above $100 per barrel.

via MarketWatch|

#ai-boom #finance #macroeconomic-concerns