Morgan Stanley News

Investing.com — U.S. futures rose Wednesday, rebounding after the previous session’s selloff with investors awaiting developments on a U.S. funding bill as well as future Federal Reserve's monetary policy.

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Morgan Stanley’s Guy Metcalfe, who helped build out the bank’s real estate banking business, will retire after 33 years at the firm.

Check out the companies making headlines before the bell.

European luxury stocks fell again on Tuesday as Morgan Stanley joined the chorus of analysts warning that demand for expensive handbags and jewelry in China and Europe is likely to slow.

Aviation Working Group said with a warning of further downgrading of ratings. Aviation Working Group (AWG) monitors leasing legal and financial laws and operates on a non-profit basis jointly chaired by Airbus and Boeing. India's rating has been lowered from 3.5 out of 5 to 2.

By Robert Harvey and Natalie Grover

Consumer stocks, one of the brightest corners of the market this year, are about to lose their shine as risks build for the sector, according to Morgan Stanley’s Michael Wilson.

SBIState Bank of India (SBI) has raised about Rs 10,000 crore through issuance of infra bonds, which carry a coupon rate of 7.4%. This is the fourth such issuance of infra-related bonds by the Bank.Bajaj FinanceThe board of directors of Bajaj Finance Ltd will meet on October 5 to consider and approve fundraising through equity instruments.SAMHI HotelsLeading investment bank Morgan Stanley has offloaded stake in Gurugram-based hotel operator SAMHI Hotels, which debuted on the exchanges on Friday.Strides PharmaStrides Pharma announced that its step‐down wholly owned subsidiary, Strides Pharma Global Pte.

TOKYO—Japan’s government is on a mission to make buying stocks hot again. Many of America’s biggest investors are bullish on Japan. Warren Buffett shared that he increased his investments in Japanese companies during an April visit to the country.

The company allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece. About 11 mutual funds participated in the pre-IPO placement through a total of 28 schemes. SBI Mutual Fund, ICICI Prudential MF, HDFC Mutual Fund, Nippon India MF, Aditya Birla Sun Life MF, Sundaram MF, Franklin Templeton, UTI MF, Tata AMC, and Baroda BNP Paribas MF are the mutual funds that participated in the anchor placement of shares. Among foreign portfolio investors, the Government of Singapore was allotted 5.6% of the total anchor placement. The Monetary Authority of Singapore received around 1% of the total placement. Morgan Stanley was allotted 3.5% of the total anchor placement, while Goldman Sachs got 0.4% of the total size. Besides these, Sunil Singhania-owned Abakkus Investment was allotted around 2% of the anchor portion. The Rs 2,800-crore IPO will open for subscription on Monday and close on Wednesday.

₹134.50 per share, 6.7 per cent higher than the issue price of ₹126, and on the BSE, Samhi Hotels share price was listed at ₹130.55 per share. The initial public offering (IPO) of Samhi Hotels had opened for subscription on Thursday, September 14, and closed on Monday, September 18.

Morgan Stanley has offloaded stake in Gurugram-based hotel operator SAMHI Hotels, which debuted on the exchanges on Friday. SAMHI Hotels listed at a mild premium of 8% on the NSE over its issue price. However, the stock rallied and closed at Rs 146 per share on the NSE, which is 16% higher than the IPO price of Rs 126. According to bulk deals data available with the exchanges, Morgan Stanley, through its various funds, sold a combined shares of 64.6 lakh. It is unclear how much stake in the company these shares amounted to as the shareholding pattern was not yet available with the exchanges. Post the listing, analysts recommended investors to book profits, mainly because of poor financials in the last three financial years. For the year ending March, the company's revenue from operations more than doubled to Rs 738 crore.

Tom Nides, one of Wall Street and Washington’s most connected executives, is joining Wells Fargo & Co. as vice chairman as the firm continues to work its way past years of scandal. 

Schroders Plc said it has a way to score sovereign debt that corrects for the rich-world biases inherent in ESG investing.

The warmer El Nino summer will help the country’s largest insurers keep a lid on catastrophe costs after severe storm events cost some $10.5 billion in damage over the past three years during an extended La Nina pattern.

By Jonathan Stempel

By Milana Vinn and Anirban Sen

(Reuters) — Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next year, later than an earlier forecast of a cut in the second quarter.

Investors may not want to bet heavily on an autumn stock surge as the fuel behind this year’s rally runs low, said Lisa Shalett, chief investment officer for wealth management at Morgan Stanley.

Amazon's (NASDAQ:AMZN) seasonal hires are a «bullish leading indicator» for expected continued retail share gains, according to Morgan Stanley analysts.