Goldman Sachs Global Weekly Kickstart: Equity Gains and EM Market Outlook (August 10, 2026)

Global equities advanced 2.9% last week amid improving risk appetite. While AI-related stocks face momentum-led deleveraging, EM earnings continue to broaden.

Key Takeaways

• 1.Global equities rose 2.9% last week as market sentiment improved, with risk appetite indicators rising above 1.0.
• 2.AI-linked equities face momentum-led deleveraging while EM earnings momentum remains supportive and broadening.
• 3.Korean market outlook is positive due to high earnings expectations and cleaner positioning despite recent volatility.

Table of Contents

• Global equities advance as earnings broaden and AI volatility rises
• Macro data this week
• Positioning, earnings breadth and selective value
• The week at a glance — Global markets and indices
• Forecasts
• Risk and Sentiment indicators
• Performance - Local indices
• Sector performance across regions - Weekly
• Sector performance across regions - YTD
• Earnings & Contribution
• Earnings revisions
• Valuation
• Style performance
• Style valuation
• Sector weights, geographical exposure and concentration
• Cross-asset performance and correlation
• Flows from Global investors into equity funds
• Emerging Markets vs. Developed Markets
• Vol, skew and dividends
• Disclosure Appendix

Report data

Exhibit 1: Global market performance — as of August 7, 2026.

Reports in this series

Global Weekly Kickstart is shown in chronological order through this edition, published on August 10, 2026.

Part of the Global Weekly Kickstart series — view all 6 editions

1. May 11Global Weekly Kickstart Global equities hit all-time highs
2. May 18Global Weekly Kickstart Global equities flat amid persistent geopolitical uncertainty
3. Jun 8Global Weekly Kickstart Equities Digest Higher Rates and Rising Supply
4. Jun 22GLOBAL WEEKLY KICKSTART Global equities extend gains as Middle East de-escalation continues
5. Jul 6GLOBAL WEEKLY KICKSTART Momentum reversal ahead of Q2 season

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