Goldman Sachs cuts European growth and earnings forecasts as Trump tariffs loom
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Goldman Sachs has reduced its growth and earnings forecasts for Europe due to the potential impact of tariffs imposed by the Trump administration. While this is expected to negatively affect European economic growth and company earnings, the defense sector in Europe might benefit.
November 08, 2024 | 4:00 pm
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Goldman Sachs has revised its forecasts for European growth and earnings downward due to potential tariffs from the Trump administration. This indicates a cautious outlook on European markets.
Goldman Sachs' decision to cut forecasts reflects its analysis of the potential negative impact of US tariffs on Europe. This move suggests a cautious stance on European investments, but does not directly impact GS's stock price in the short term.
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