Goldman Sachs Group Inc to double down on global economy in 2018

New York

IN 2018, Goldman Sachs Group Inc will be doubling down on the global economy. "Late-cycle optimism" is the chief theme underpinning the bank's seven top trade theses, as outlined in a note on Thursday by Francesco Garzarelli, co-head of global macro and markets.

Goldman's stance is far from "America First". In risk assets, its strategists favour emerging markets; in foreign exchange, commodity-linked currencies and the euro are preferred.