Business News: Goldman (GS) cuts S&P outlook, Ukraine stress
By Jenny McCall
13:49, 14 February 2022
Key Points
Rising inflation has caused Goldman Sachs to cut its forecast for the S&P 500 to below the 5,000 mark, according to a report by Reuters. The index opened today at 4,412.61.
Tomorrow (Tuesday 15 February), the UK will welcome key employment data for the three months to the end of December.
Geopolitical tensions with Russia and Ukraine are causing concern for global markets.
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Other significant business and economic news
Coinbase Global opened lower in US trading. The cryptocurrency exchange company’s app crashed due to a surge in demand after its Super Bowl advertisement.
Markets today
- Stocks: European stocks were down today. The FTSE 100 fell due to geopolitical tensions between Ukraine and Russia.
- Oil: Oil prices are down slightly as Ukraine hinted at concessions to Russia.
- Gold: Gold prices eased. Gold is often seen as a safe haven asset.
- Forex: The US dollar advanced as the Ukraine/Russia crisis boosted the currency and lessened the appeal of the bullion.
- Crypto: bitcoin fell today by 0.15% and ethereum was down by 0.47%
What to watch this week
- On Wednesday, the UK will publish inflation data for January.
Markets in this article
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