Goldman Sachs Group Inc. strategists slashed their target for South Korea’s Kospi Index by 25%, after raising it repeatedly this year, as concerns over the artificial intelligence trade intensify.
Wall Street strategists who recommended loading up on Brazil assets after Flávio Bolsonaro emerged as the frontrunner for president are about to see if they led clients astray or to profits ahead of Sunday’s too-close-to-call runoff.
Interest-rate strategists at Deutsche Bank AG boosted their forecast for the 10-year Treasury yield into the end of the year on the expectation that Federal Reserve officials now led by Chairman Kevin Warsh are finished cutting interest rates.