The bank Goldman Sachs Group Inc.. he subtracted a 3.4% after reporting a bigger-than-expected drop in its quarterly profit, weighing down the Dow Jones.
Morgan Stanley rose 5.9% beating analyst estimates for fourth-quarter profit as its trading area was boosted by market volatility.
“Goldman Sachs’ quarterly results, which were expected to be dismal, were even worse than expected,” he said. Octavio Marenzi, Opimas consultancy in dialogue with Reuters.
This Tuesday, the managing director of the International Monetary Fund (IMF), Kristalina Georgievaassured at the Davos Forum that the institution projects a deterioration in global economic activity in 2023, in which they expect the Gross Domestic Product (GDP) “it will hit rock bottom”although by 2024 growth would accelerate again.
In parallel, it was also known that the China’s economic growth in 2022 it plummeted to one of its worst levels in almost half a century, as the fourth quarter was hit hard by the strict COVID restrictions and the housing market slump, increasing pressure on policymakers to deliver more stimulus this year. However, the projection of increased demand for oil by this country boosted crude oil prices.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
