Lates News

Goldman Sachs strategists believe that emerging market stocks and currencies will rise before the end of the year, driven by macroeconomic tailwinds, positioning trends, and favorable seasonal factors. Goldman Sachs has raised its 12-month target for the MSCI Emerging Markets Index from 1370 points to 1480 points, indicating there is still about 10% upside potential. Emerging market currencies have strengthened in the past month and outperformed developed market currencies. Goldman Sachs believes this trend will continue due to arbitrage, the cyclical dynamics of the US dollar, and the strong performance of emerging market stocks, all of which will support further upside potential.