Hints and tips:
...Three gluts are behind these low yields, as Morgan Stanley’s Joachim Fels explains to capital markets editor Ralph Atkins....
...Huw van Steenis of Morgan Stanley tells Christopher Thompson this was not as disappointing for Mr Draghi as you might think....
...Joachim Fels, chief global economist with Morgan Stanley, tells the FT's John Authers that developed markets can pick up the slack – and both deflation and inflation can be averted....
...Lex's Alan Livsey and Joseph Cotterill discuss what this means for Morgan Stanley's plans to sell its oil trading unit to Rosneft....
...Laurence Mutkin, head of Morgan Stanley’s interest rate strategy, explains why, and why problems are still escalating for the ECB...
...Huw van Steenis, banking analyst at Morgan Stanley, discusses with capital markets correspondent Mary Watkins, which countries' banks will pay back early and what this tells us about the eurozone's health...
...Lawrence Mutkin, global head of interest rate strategy at Morgan Stanley, discusses its impact on the eurozone with capital markets editor Ralph Atkins....
...Manoj Pradhan, global emerging market economist at Morgan Stanley explains to Long View columnist John Authers that they are trying to maintain stable exchange rates with the dollar and consequently importing...
...Andrew Sheets, head of European credit strategy at Morgan Stanley, explains to Long View columnist John Authers, that Spain's systemic risks leave European bond investors more vulnerable than recently thought...
...John Authers, FT Long View columnist, and the FT's US banking editor, Tom Braithwaite, review the latest earnings reports from major US banks and look ahead to announcements due from Bank of America and Morgan...
...Darryl Green, Asia president for Manpower Group, the recruitment agency, says: “Countries where people move easily – such as India – are seeing executive pay rising rapidly....
...Sunil Gupta, analyst at Morgan Stanley, says he expects solar shipments to decline for the first time ever this year, by 12 per cent....
...Brian Gallagher, head of electronic trading in Europe for Morgan Stanley, suggests some outcomes and says Europe could be in better shape to cope....
...Darryl giggled: no tears for alpacas....
...Volkswagen, the German carmaker, added 3.8 per cent to €61.45 after Morgan Stanley raised its price target to €75 from €65 while sticking with its “overweight” rating....
...L’Oreal, the French cosmetics group, fell 0.7 per cent to €79.20 after Morgan Stanley downgraded the stock from “overweight” to “equal weight”, reflecting its view that the shares were fairly valued at current...
...UBS dropped its price target to €76 from €83, while Morgan Stanley lowered its target to €81 from €88. Bear Stearns warned the stock could fall as low as €60....
...Safran rose 4.1 per cent to €16.04 after Morgan Stanley initiated coverage on the French aerospace and defence group with an “overweight” rating and €22 price target....
...Suez, which plans to merge with Gaz de France, climbed 3.3 per cent to €30.15 after Enel indicated to analysts at Morgan Stanley it had not given up its interest in the French utility....
...Morgan Stanley said the valuation looked stretched and reiterated its “underweight” recommendation....
...In the wider market, Morgan Stanley turned positive, after last week’s sell-off took 1.2 per cent off the Eurofirst 300....
...Denmark’s Carlsberg meanwhile, gained 2.6 per cent to DKr416 after Morgan Stanley upgraded the stock from “underweight” to “equal weight”....
...Sogecable added 1.3 per cent to €23.72 after Morgan Stanley upgraded the Spanish digital TV company to “overweight” from “equal-weight” on valuation grounds....
...Among strong carmakers, Porsche rose 6.2 per cent to €740.95, after the luxury group was upgraded to “overweight” from “equal weight” by Morgan Stanley....
...“In our opinion, Friday was the most shareholder-friendly day in VW’s history,” said Adam Jonas, analyst at Morgan Stanley....
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