Expect low returns in coming years
Goldman: Growth gap between US and rest of world will narrow, helping global stocks to catch up with US equities
New York
GLOBAL markets from stocks to bonds are "priced to offer low absolute rates of return" in coming years, with equities, particularly in Japan, poised for the biggest gains, according to Goldman Sachs Group Inc.
Japan's Topix index will rise 18 per cent by the end of 2015, while the S&P 500 Index will increase about 3 per cent, according to analysts including Dominic Wilson who focus on translating Goldman Sachs' economic views into market forecasts. Yields on sovereign bonds from the US to Japan and Germany will climb as the global economic recovery broadens while commodities from oil to gold will stay low after recently tumbling, the analysts predicted.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea