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Goldman Sachs has upgraded its rating on global stock markets to "Overweight", optimistic about the economic outlook.
According to ChainCatcher news and Jin10 reports, Goldman Sachs has upgraded its rating for the global stock market's three-month outlook from “neutral” to “overweight.” Goldman Sachs analysts pointed out that the strong U.S. economy, supportive valuations, and the Fed's more dovish stance are the main reasons for the upgrade. They believe that good corporate earnings growth, the Fed's easing of monetary policy without a recession, and global fiscal policy easing will continue to support the stock market.