Global Stocks Show Fourth Week of Net Selling — Goldman Sachs Report

According to Goldman Sachs Prime Desk, global stock markets continue to show negative dynamics — net selling has persisted for the fourth consecutive week. Meanwhile, North American stocks are showing an increase in gross trading flow for the seventh week in a row, as hedge funds gradually restore risks.

Particularly strong pressure is observed in Europe, where sales rates have reached their highest level in the last five years. According to analysts, risk reduction is occurring more actively than the closing of short positions (ratio of 6.5 to 1). Emerging markets in Asia were also among the regions with high volumes of net sales.

The biggest losses were suffered by stocks of companies in the telecommunications, industrial, and financial sectors, as well as discretionary consumer goods manufacturers. In contrast, the energy sector, real estate, and utilities were in the zone of net purchases.