Hints and tips:
...in connection to Japanese companies increasing capital spending to “de-risk” their supply chains as a result of rising US-China tension, said Takaaki Suzuki, head of global capital markets in Japan at Morgan...
...Morgan Stanley on Friday cut its 12-month forecast for the MSCI China index to 60 — barely above its current level — with the stock benchmark already down more than 7 per cent this year....
...The falls also came after strategists at Morgan Stanley cut their 12-month forecast for the MSCI China index of global Chinese listings to 53 from 60, matching the gauge’s closing level from Thursday and...
...Morgan Stanley has turned negative on emerging market currencies on expectations of spillover from a weakening renminbi, which the investment bank is shorting as Chinese growth stutters....
...Morgan Stanley strategists have forecast that the MSCI China index will rise just 7 per cent this year, less than half of what JPMorgan and Goldman Sachs expect....
...Morgan Stanley analysts were less concerned about the hit to the sector....
...Morgan Stanley strategists have pencilled in gains of 7.5 per cent during the next 12 months for Chinese equities but warned that “we cannot rule out further allocation reduction and structural shift of...
...“Not too much,” he told the event, which was attended by some of the most powerful executives in global finance, including Morgan Stanley’s James Gorman, Goldman Sachs’s David Solomon, Citadel’s Ken Griffin...
...Morgan Stanley chief executive James Gorman said he did not know what would trigger the next crisis but “it’s likely to be something geopolitical, something political”....
...Bank of America, Morgan Stanley and CICC are joint sponsors of the deal. J&T declined to comment....
...Last week, Wells announced that it had hired Thomas Nides, a former top executive at Morgan Stanley, to be its new head of public affairs. Related and Wells Fargo declined to comment....
...Morgan Stanley analysts said the strong credit rebound was driven by a rise in local government special bonds issuance....
...“It’s not just China, but if you look at the other Asian countries, their August trade numbers are also better,” said Robin Xing, chief China economist at Morgan Stanley....
...Five international investment banks, including Morgan Stanley and JPMorgan, have lowered their China growth forecasts in recent weeks in response to signs of slowing economic momentum in China....
...Letter in response to this column: Time Lords and Terminators / From Marc Hudson, Stone, Staffordshire, UK...
...On Monday analysts at Morgan Stanley downgraded Country Garden to underweight, warning that the company’s “worsening liquidity may lead to higher chance of default in the near term”....
...Dia also runs spaces in Chelsea, Beacon (in the Hudson Valley) and Long Island’s Bridgehampton, as well as managing large-scale installations and projects around the world....
...Additional reporting by Hudson Lockett in Hong Kong...
...Morgan Stanley expects European stocks to fall by 10 per cent during the summer, as a “double whammy” of “much higher interest rates and much tighter credit conditions” weigh on consumers and businesses...
...Following the interview, Morgan Stanley, MUFG and UBS said there was an increased likelihood of the central bank further loosening the YCC’s target ceiling, after it was lifted to 0.5 per cent last December...
...Morgan Stanley analysts said Turkey’s currency risked falling further “without a change in the macro policy framework to prioritise disinflation and to adopt market-friendly policies”....
...As recently as October, banks including Citi, Morgan Stanley, JPMorgan and HSBC advised the Swiss group on a $500mn bond issuance in Hong Kong....
...“Pausing at this juncture is a wise decision by the Fed,” said Matthew Morgan, head of fixed income at Jupiter Asset Management, “given inflation is slowing, and the 5 per cent of rate hikes already lumped...
...Further damping sentiment on Wall Street was a grim earnings forecast by Morgan Stanley analysts who projected a 16 per cent decline in earnings per share for the S&P 500 to $185 in 2023 compared to a year...
...Additional reporting by Hudson Lockett and Cheng Leng...
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