Globex is open for the new week - US equity index futures lower ...Middle East

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Globex is open for the new week - US equity index futures lower

After a huge slump on Friday, US equities have opened weak in Sunday evening, US time, Globex trading.

There was not a lot on the news front over the weekend to boost spirits. I just posted on Goldman Sachs views, they've jackecd up their inflation, unemployment (stagflation!), and recession risk forecasts:

    Goldman Sachs says 35% chance of recession (from 20%) in 12 months

    I noted in that post that despite rising inflation Goldman Sachs are forecasting 3 Federal Open Market Committee (FOMC) rate cuts this year - based on growth slumping.

    This article was written by Eamonn Sheridan at www.forexlive.com.

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