Morgan Stanley News

Investing.com -- U.S. futures point lower on Wednesday, with traders gauging the potential for Federal Reserve interest rate cuts this year following a hawkish statement from a top official at the central bank. Elsewhere, Walt Disney (NYSE:DIS) rejects a raft of nominees to its board put forward by activist investors, while headwinds against the Chinese economy loom despite the country posting annual growth that beat Beijing's target.

Investing.com — The Dow closed lower Tuesday as investors digested a slew of earnings and a jump in Treasury yields after Fed Governor Christopher Waller downplayed the need for speed on rate cuts. 

Sensex declined 199.17 points, or 0.27%, to close at 73,128.77, while the Nifty 50 settled 65.15 points, or 0.29%, lower at 22,032.30. “Following global cues, domestic equities took a breath after rallying in the last few sessions. Overall we expect the market to consolidate in higher zones," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Pawan Passi is no longer in the room, and he will not be coming back for a while.

After announcing its fourth quarter results last week, Bank of America is due to announce its bonuses next week and when it does, there may be disappointment. Bank of America could benefit from disappointing a few people; they won't leave. 

If you are (or you work with) a commodities trader in Singapore, you might want to consider joining a commodities trading house instead of a bank.

If you live in a family with a single financial services income, you may find that your life isless lavish than you'd envisaged and that you can't afford all the things you want. If you live in a family with two, though, you can buy hundreds of pairs of shoes and a custom-made closet to accommodate them.

BEIJING — Major international investment banks expect China's economy to grow at a slower pace in 2024 than in 2023, according to annual forecasts released in the last few months.

In his first earnings call with analysts, new Morgan Stanley CEO Ted Pick declared his financial advisor bona fides, saying that his family’s roots in the wealth management business balanced his background in investment banking and trading.

The blue-chip NSE Nifty 50 shed 0.29% to 22,032 points. Both the benchmarks rose about 0.1% each to fresh record highs for the third session in a row, before reversing gains. Here's how analysts read the market pulse: «For a sustained upward movement towards the 22,300 level, the index needs to decisively break above the 22,150 mark. On the downside, the immediate support is located at 21,950, and a clear break below this level could trigger further corrections towards the 21,800 mark,» said Kunal Shah, senior technical & derivative analyst at LKP Securities. Jatin Gedia of Sharekhan, said, “Considering the current price and momentum setup we expect Nifty to consolidate within the range 21,900 — 22,200 from a short-term perspective. Stock- specific action and sector rotation are likely during this period of consolidation. Aggressive longs should be avoided and adherence to strict stop loss levels for the long positions is advised." That said, here’s a look at what some key indicators are suggesting for Wednesday's action:

Investing.com -- U.S. stock futures slip, as markets on Wall Street prepare to reopen after a holiday on Monday. Earnings from Goldman Sachs and Morgan Stanley will be in focus, along with a speech from Federal Reserve Governor Christopher Waller. Elsewhere, Elon Musk calls for a greater stake in Tesla (NASDAQ:TSLA), saying he would prefer to build products outside the electric carmaker if his holdings are not increased.

Investing.com — U.S. stock futures fell Tuesday ahead of the release of more important bank earnings, which, along with a speech by Fed Governor Christopher Waller, could provide more clues as to the economic health of the world’s largest economy. 

Investing.com — U.S. futures retreated Tuesday, as risk appetite fell while investors digested earnings from more senior banks.

Slashed earnings estimates are creating the optimal platform for US companies to beat expectations this earnings season, according to Morgan Stanley’s Michael Wilson.

Investing.com -- U.S. stock markets will be closed on Monday for a federal holiday following a muted session to end the prior week in the wake of a fresh slate of bank earnings. More Wall Street lenders are due to report results on Tuesday. Elsewhere, the World Economic Forum in Davos is set to begin, as a survey of top economists shows that the outlook for global growth this year is «subdued.»

The crypto landscape has changed dramatically over the past few years, with stablecoin volumes challenging traditional payment giants like PayPal and Visa.

U.S. stocks ended little changed on Friday as investors digested the first batch of fourth-quarter earnings and continued to assess the Federal Reserve’s rate plans for the months ahead.

MSCI China gauge already down more than 4% so far this year. It capped a third straight annual decline in 2023. “The bigger picture is that the weak demand is leading to a deflationary environment, which particularly bodes ill for businesses that cannot achieve higher volumes with lower prices," said Daisy Li, a fund manager at EFG Asset Management HK Ltd.

By Carolina Mandl

By Niket Nishant and Manya Saini

Morgan Stanley agreed to pay $249 million to the Justice Department and Securities and Exchange Commission to end a years-long US investigation into block trading that rattled the industry.