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Our Scans · (FS.1.00) Investment Banking · Weekly Summary


  • [New] With a younger and highly educated labour force and annual economic growth forecasted by the IMF to exceed 6% over the next five years, Morgan Stanley expects India to become the third-largest economy by 2027, surpassing Germany and Japan. The National Interest
  • [New] Investment sentiment remains positive, inflation is anticipated to continue to decline over the year, central banks have paused raising rates, and their next move is likely to cut, the US economy remains resilient, and the risk of US recession has faded. JMI Wealth
  • [New] South Africa offers a wealth of infrastructure investment opportunities for foreign financiers, with the Development Bank of South Africa alone promoting a R70 billion project pipeline. Energy Capital & Power
  • [New] Deutsche Bank said in a note on Monday that it now expects the US economy to grow by 1.9% in 2024, on a quarterly average basis, compared with its prior forecast of 0.3%. Pusat Sumber KPT
  • [New] Economists with Goldman Sachs, a bank, have calculated that the average rate on corporate debt will rise from 4.2% in 2023 to just 4.5% in 2025. The Economist
  • [New] Economists at Goldman Sachs speculated last year that 300m jobs worldwide could be automated out of existence by 2030 as a result of the development of generative AI, with many more roles radically transformed. The Guardian
  • [New] Analysts at Deutsche Bank see euro zone inflation returning to 2% by the middle of 2024, a year earlier than the ECB expects, and is penciling in 150 bps of rate cuts in 2024. MarketScreener
  • [New] Transactions at brick-and-mortar banks like Chase, Wells Fargo, and Bank of America will not be processed until the next business day. Insider
  • [New] Deutsche Bank said in a note on Monday that it now expects the U.S. economy to grow by 1.9% in 2024, on a quarterly average basis, compared with its prior forecast of 0.3%. Yahoo Finance
  • [New] With Goldman Sachs predicting that global investment in gen AI will reach $200 billion by 2025 and research finding that gen AI outperforms MBA students, it's hard not to feel fatalistic. Global Opportunity Forum
  • Buoyed by strong private-sector investment and a pick-up in services spending, the Q3 GDP growth was even higher than the projections of the Reserve Bank of India which projected real GDP growth for FY24 at 7% with Q3 at 6.5% and Q4 at 6%. Mint
  • While US stocks are now pricing in plenty of good news, UBS's Chief Investment Office sees the potential for further gains in the event of a Goldilocks economic outcome. swissinfo.ch
  • Interest costs will continue to soak up nearly half of net tax revenues, while the Reserve Bank of India may have a tough time managing interest rates as the private investment cycle strengthens further. Mint
  • Economists at Deutsche Bank expect the Fed to cut its main interest rate by 1 percentage point in 2024, down from its current range of 5.25% to 5.5%. Los Angeles Times
  • There would be a period when the Chinese economy will be flattening out and India will be growing and referred to projections by Goldman Sachs that suggested that by 2075, both countries could end up as USD 50 trillion plus economies. ThePrint
  • Foreign direct investment (FDI) may pick up in the coming quarters as central banks, including the Federal Reserve, will likely start policy easing in the second half. BusinessWorld
  • Other analysts see a bullish run for copper due to mining disruptions, with Goldman Sachs expecting a deficit of over half a million tons in 2024. CNBC Africa
  • The potential for huge productivity gains - which could boost global GDP by 7%, according to Goldman Sachs - and few barriers to mass adoption puts the technology sector at a profound moment in time, with corporate spend on AI set to rocket. QuotedData
  • Estimates for America published by Goldman Sachs, another bank, indicate that it can take a year or so for declines in labour demand to show up as lower wage growth-suggesting that the final stretch of disinflation will be annoyingly slow, but will pass. The Economist
  • Several analysts see the potential for further gains in UBS's share price given the valuation discount against its American rivals. finews.com
  • Goldman Sachs is expecting LNG prices to fall in 2026-2028 when Qatar and the US' increased export capabilities come on line, which will mean that Europe will not have to compete with other regions for available gas. Bonds & Currency News | Market News
  • With lending restrictions also tightening and high global interest rates, the competition for eligible customers will intensify and any investments that banks can make to get a competitive edge are likely to be money well spent. Financial IT
  • Analysts at Deutsche Bank predict that real wages will grow at 1.75% in 2024, making it one of the highest growth rates in the last decade. CityAM

Last updated: 28 March 2024



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