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Goldman Sachs now expects the S&P 500 to increase by 1% over the next three months to around 5,900 points
Goldman Sachs increased its projections for the S&P 500 after the United States and China agreed to reduce prices on imports of the other for 90 days.
Analysts said they were now expecting 11% growth in the index in the next 12 months.
The higher forecasts reflect “lower rate rates, better economic growth and less risk of recession,” said Goldman.
Goldman Sachs analysts are increasingly optimistic about the growth prospects of the S&P 500 after the United States and China have agreed to reassure prices on the other for 90 days.
Analysts said they are now expecting the S&P 500 to increase by 1% over the next three months to around 5,900 points, against its previous projection of 5,700. In the next 12 months, the bank provides for growth of 11% to around 6,500 points, against a previous forecast of 6,200.
Goldman stressed “lower rate rates, better economic growth and less risk of recession than expected before”, for change. The Trump Administration agreement with China will reduce the debit on Chinese imports to 30% by 145% by Wednesday, while Beijing prices on American products will fall to 10% by 125%.
The S&P 500 increased by approximately 0.8% during recent exchanges and added 4% this week so far in the midst of optimism as to the softening of prices. Follow Investor Covering information on the live markets today here.
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