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Goldman Sachs expects weak earnings progress throughout all main markets in 2019 – Information by Automobilnews.eu

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Goldman Sachs expects weak earnings progress throughout all main markets in 2019


Traders can count on weak earnings progress throughout all main markets in 2019, in accordance with Goldman Sachs’ chief world fairness strategist.

introduced on Monday, with fellow Wall Road giants Morgan Stanley and Financial institution of America scheduled to report earnings later this week.

Goldman’s Peter Oppenheimer informed CNBC’s “Squawk Field Europe” on Tuesday that extra dovish steerage from central banks has been essential in triggering a restoration in fairness markets, which means the main focus will now shift to earnings season.

“We do suppose that earnings progress goes to be fairly weak this yr in the entire main markets,” he mentioned. “So having seen the rebound that we have had already, a lot goes to rely now on how far earnings can develop, and I believe that is going to be fairly modest.”

Whereas the primary quarter is predicted to be destructive for the U.S., Goldman Sachs expects a restoration at quarterly stage throughout the second-half of the yr, each within the U.S. and globally.

He added: “We do suppose world exercise will enhance within the second-half of the yr, even in Europe which has actually lagged behind, now we have some tailwinds from moderation in fiscal coverage, notably in Germany, and likewise Europe ought to profit from the pickup in China and elsewhere.”

Goldman Sachs expects weak earnings progress throughout all main markets in 2019 – Information by Automobilnews.eu
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