Author: Bella Hayes

By Nikhil Sharma (Reuters) -European shares slid on Monday as the technology sector joined the retreat in other markets after China’s upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the profits of rivals and the need for costly chips. The pan-European was down 0.6% as of 0941 GMT, tracking a move lower in global equities. Futures tracking the tech-heavy U.S. tumbled 3.1%. Chinese startup DeepSeek has rolled out a free assistant that it says uses lower-cost chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from…

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On Monday, Goldman Sachs (NYSE:) released an analysis on the euro area labor market, projecting a moderation in employment growth through 2025. The firm’s nowcasting framework indicates a gradual slowdown in employment growth in Q4 and into 2025. Contributing factors include the end of the positive hiring impulse from low real labor costs and a reestablishment of the historical relationship between employment and GDP growth. Goldman Sachs’ below-consensus GDP forecast suggests a deceleration in net hiring by mid-2025, with employment growth potentially falling to 0.05% by year-end. The labor supply is also anticipated to decelerate in 2025. Demographic challenges, such…

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