Morgan Stanley Turns ‘Outright Bullish’ on Asian Growth Stocks
Easing financial conditions globally have made Morgan Stanley “outright bullish” on growth stocks in Asia and emerging markets versus their value peers.
Easing financial conditions globally have made Morgan Stanley “outright bullish” on growth stocks in Asia and emerging markets versus their value peers.
Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.
Goldman Sachs Group Inc. traders were preparing to take bids on claims against Credit Suisse Group AG’s riskiest bonds after the takeover of the Swiss lender wiped out about 16 billion Swiss francs ($17.3 billion) of the debt.
Turmoil in the banking sector, hotter-than expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months.
France’s civil aviation authority has asked airlines to cut flights on Tuesday and Wednesday by 20% at Paris-Orly airport, the second airport serving the country’s capital and a hub for Air France-KLM’s French arm.
Shares of European banks traded in Asia tumbled Monday, as investors weighed a collapse in the value of additional tier 1 bonds issued by lenders following the terms of the Credit Suisse Group AG’s rescue.
A.P. Moller-Maersk A/S has finally found a buyer for its last major energy-division asset after putting it up for sale seven years ago, allowing it to complete a historic transformation into a pure transport operator.
Air India Ltd. is in talks with banks to help fund its recently announced record aircraft order, benefitting from the support of new owner Tata Sons Ltd., the carrier’s chief executive officer said.
The Swiss National Bank has its own version of the Federal Reserve’s quandary this week as it judges whether to deliver a long-awaited interest-rate hike for an economy at the epicenter of global market turmoil.
Morgan Stanley’s Michael Wilson said the stress in the banking system marks what’s likely to be the beginning of a painful and “vicious” end to the bear market in US stocks.