Goldman Sachs clients slightly more optimistic on 2023 recession probability

JPMorgan Continues to See 25% Chance US Avoids Recession in 2023 or 2024

January 18, 2023 9:17 AM EST

JPMorgan analyst Nikolaos Panigirtzoglou comments "While there has been an improvement in sentiment towards risk assets given greater optimism over the soft-landing scenario, we are reluctant to chase the past few weeks rally as a lot of good news are already in the price. And while signs of declining inflation... More

ECB policymakers consider easing rate hikes - Bloomberg

January 17, 2023 11:08 AM EST

Policymakers at the European Central Bank are reportedly considering a slower pace of interest rate hikes than indicated in December, according to a report by Bloomberg on Tuesday.

The 50 basis-point increase in February signaled by ECB President Christine Lagarde remains likely, but the possibility of a smaller... More

S&P 500 Erases Gain, Down 0.15%

January 17, 2023 10:42 AM EST

S&P 500 Erases Gain, Down 0.15%

... More

ECB May Opt For 25-bp Hike In March After 50-bp Move In February - Bloomberg

January 17, 2023 10:01 AM EST

(Updated - January 17, 2023 10:05 AM EST)

ECB policymakers are starting to consider a slower pace of interest-rate hikes than Lagarde indicated in December, according to a report from Bloomberg, citing officials with knowledge of their discussions.

While a 50 basis point step in February she signaled remains... More

New York state manufacturing plunges in January

January 17, 2023 9:01 AM EST

By Lucia Mutikani

WASHINGTON (Reuters) -New York state manufacturing contracted sharply in January as orders collapsed and employment growth stalled, pointing to continued weakness in national factory activity, and little improvement was expected over the next six months.

The survey from the New York Federal Reserve on Tuesday offered an early read of conditions in one of the sectors hardest hit by the Federal Reserve's fastest interest rate hiking cycle since the 1980s. It showed slumping demand and improved raw material supplies slowing inflation at the factory gate. National manufacturing has been shrinking since November, according... More

Morgan Stanley's Wilson doubles down on his view that S&P 500 will see new lows

January 17, 2023 8:21 AM EST

Dont be confused by an ongoing rally in U.S. equities as bear markets are designed to confuse investors and take their money, Morgan Stanleys Chief U.S. Equity Strategist and Chief Investment Officer Michael Wilson wrote in his regular weekly note.

Dont pay too much attention to the noise and trust your fundamental process as Wilson continues to see much lower levels... More

Goldman, Travelers drag Dow lower as earnings season picks up

January 17, 2023 6:46 AM EST

By Herbert Lash and Chuck Mikolajczak

NEW YORK (Reuters) - The Dow fell more than 1% on Tuesday as weak earnings from Goldman Sachs dragged the index lower, but a jump in Tesla shares helped the Nasdaq stay postive as the corporate earnings season took center stage.

The rise in Tesla Inc after the electric-vehicle maker's January retail sales surged in China helped growth-oriented shares eke out gains, but small caps and value stocks fell as fears of a recession unsettled investors.

Earnings from Goldman Sachs and Morgan Stanley closed out what was a mixed... More