Page 17 - Morgan Stanley

Top headlines: 3% global GDP contraction projected; crude oil to struggle

From Morgan Stanley seeing a 3% contraction in global GDP to air passenger traffic projected to stay below 25%, here are the top headlines of the day

Markets at inflexion point; analysts bullish on consumer, telecom, pharma

The recovery seen in the markets from their March 2020 lows has been quite sharp, with the S&P BSE Sensex and the Nifty50 indices gaining 27.61 per cent and 27.18 per cent, respectively since then

'Can promise' Morgan Stanley will miss medium-term financial targets: CEO

The last of the big US banks to report first-quarter earnings, Morgan Stanley said its profit slumped by 30% and it missed new return targets and cost-cutting goals

FTSE Russell proposes to raise India's weight in its global indices

Move follows MSCI step, inflows may rise by $2 billion

Calling the market-bottom is a mug's game, says Aberdeen's Hugh Young

It feels as though this is going to go on for a fair old time, he said

In this coronavirus lockdown, India feels like the calm before the storm

Strong social networks got India through the calamity of demonetisation. By not giving migrant workers enough time to get home, the govt has likely deprived them of this

Are we heading towards a global recession? Here's what top brokerages say

Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s

Coronavirus may spark global recession; worst since 2001: Morgan Stanley

A BofA Securities' Fund Manager Survey for March suggests investor sentiment has collapsed on the back of the coronavirus, oil shock, recession, and debt default risk.

Market Ahead, March 18: Top factors that could guide markets today

Morgan Stanley expects global growth to fall to 0.9 per cent in such a scenario, while Goldman Sachs predicts weakening of growth to 1.25 per cent

Coronavirus fear: Morgan Stanley, Goldman declare global recession underway

The outlook could darken even further if the virus lasts longer than anticipated, or wields greater economic pain -- given factories, schools, restaurants and shops are closing around the world

Goldman Sachs asks some to skip bank's conference over Coronavirus concerns

The "precautionary measures" follow similar moves taken by Morgan Stanley earlier this week, as global businesses seek to help prevent further spread of the deadly coronavirus

Coronavirus fear: Morgan Stanley lowers price target for EMs, Asian markets

Morgan Stanley has lowered the year-end price target for the MSCI EM index from 1,150 to 1,100

Morgan Stanley, Jefferies turn cautious on EMs amid coronavirus fears

Chris Wood believes the best way of hedging long equity exposure is to remain long Eurodollar futures which are now discounting one 25 basis point (bps cut) this year

E*Trade Financial deal: Morgan Stanley fuels banking takeover buzz

Wealth managers and robo-advisers are also appealing targets because of their relatively stable revenue

Morgan Stanley to acquire online trading pioneer E*Trade for $13 bn

It would be the largest acquisition by an American bank since the 2008 global financial crisis, and comes as online brokers are competing fiercely for new customers

From Morgan Stanley to Motilal Oswal, brokerages disappointed with Budget

Despite a slowing economy, the budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.

Top Headlines: Manufacturing PMI at 8-yr high; India's 3rd coronavirus case

The government on Monday said the Non Performing Assets (NPAs) of Public Sector Banks (PSBs) stood at Rs 7.27 trillion as on September 30, 2019

Maruti only Indian firm to find place in Morgan Stanley arm's top-20 stocks

The firm believes the stock is better value for money than others and has a upside as high as 73 per cent

Banks set for biggest job cull since 2015; Morgan Stanley lets go 1,500

This year, more than 50 lenders have announced plans to cut a combined 77,780 jobs, the most since 91,448 in 2015

Top headlines: Rs 4,360 cr capital boost for IoB; good news for pensioners

The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020