• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Global equities were net bought last week: Goldman Sachs

by November 4, 2024
written by November 4, 2024

Investing.com — Global equities saw positive net inflows last week, according to a Goldman Sachs report covering October 25 to 31, driven by buying that outpaced short selling by a ratio of 2.5 to 1.

The net buying was led primarily by North America and developed markets in Asia, with sectors like Industrials, Utilities, and Materials among the most favored.

The Goldman Sachs prime services weekly report indicated that “Macro Products made up over 85% of the notional net buying,” although there was also notable long-side interest in single stocks, albeit to a lesser degree.

Conversely, investors are said to have shown caution toward sectors like Information Technology, Communication Services, and Consumer Discretionary, which were the most net sold.

Across global hedge funds, the bank says adjustments in leverage underscored a conservative shift.

Goldman noted that “Overall book Gross leverage” saw its steepest decrease since June 2023, down by 3.9 points to 269.6%, while net leverage climbed by nearly a point, reaching 77.8%.

The report highlighted a notable shift in Chinese equities as well, with the largest single-week de-grossing since January 2021, in anticipation of the upcoming NPC Standing Committee meeting.

In the U.S., Goldman Sachs said Technology, Media, and Telecom (TMT) stocks have experienced heightened trading activity amid earnings reports from major tech companies.

Hedge funds “net sold US TMT stocks at the fastest pace in five weeks,” but Goldman Sachs noted that TMT stocks remained net bought in October despite the selling pressure during earnings.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Wall St set to open flat as US polls, Fed decision loom large
next post
US stocks just lower; caution ahead of presidential election, Fed meeting

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Chinese manufacturing, Bitcoin’s monthly fall, Gold gains – what’s moving markets
    • Mexico stocks higher at close of trade; S&P/BMV IPC up 0.53%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy