Morgan Stanley News

ICICI Securities, JP Morgan and is looking to raise around $1 billon. It has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, according to Reuters.

PARIS (Reuters) — Cable and telecoms group Altice is nearing a deal to sell its data centres in France to Morgan Stanley Infrastructure Partners, Les Echos reported on Wednesday, as the group of French-Israeli billionaire Patrick Drahi rushes to free up cash.

alcohol industry has been thriving despite a streak of threats: the legalization of marijuana, a trade war with China that hampers US exports, the rise of the sober-curious movement. Now a new risk is here: weight loss drugs. Eli Lilly’s Mounjaro and Novo Nordisk’s Ozempic and Wegovy have gained popularity as a fast way to lose weight, thanks to celebrities such as Khloe Kardashian and Elon Musk.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Block, Stem, General Mills , FMC, and Agiliti.

Origin Energy stands to increase gross earnings by about $650 million in 2025-26 if its huge Eraring coal power generator remains open, according to Morgan Stanley estimates, in findings that may play into the terms of a deal expected to be struck with the NSW government to extend its life.

Morgan Stanley is returning to a bearish view on emerging-market currencies, citing concerns over China’s growth risks that not only weigh on the yuan but also further pressure a weak global economy.

Less than a year since returning to banking, Julian Peck, JPMorgan’s head of investment banking for Australia and New Zealand, has hit the ground running with large deals, but admitted there is work to do for the US bank to claw market share away from rivals like Goldman Sachs and Morgan Stanley.

US equity investors are in for disappointment as economic growth is set to be weaker than expected this year, according to Morgan Stanley’s staunch bear, Michael Wilson.

A record selloff in Chinese stocks by global funds has pushed their positioning to the lowest since October, with money managers unswayed by the stimulus measures that have been coming through over the past few weeks. 

MUMBAI : Investors could witness the Sensex rising by around 10% in the run-up to the general elections in 2024 in anticipation of a decisive win for the Bharatiya Janata Party (BJP) led government and could swing in a +5% to – 40% wide range, depending upon the outcome of the polls. This is the nub of a research report dated 3 September by global brokerage Morgan Stanley. The Sensex closed at 65387.16 on 1 September and a 10% base case implies 71926 through May, assuming the election dates are not advanced.

US Federal Reserve may not hike rates in September following a jump in the US unemployment rate in August. “Data on Friday showed US job growth picked up in August, but the unemployment rate jumped to 3.8 per cent, while wage gains moderated. The economy created 110,000 fewer jobs than previously reported in June and July," reported Reuters.

China's economic slowdown has alarmed international leaders and investors, as per CNN. For the first time in decades, the world's second economy is itself in trouble. Hong Kong's Hang Seng (HSI) Index slid into a bear market on Friday, having fallen more than 20 per cent from its recent peak in January. The Chinese yuan, last week, fell to its lowest level in 16 years, prompting the central bank to make its biggest defence of the currency on record by setting a much higher rate to the dollar than the estimated market value. The issue is that, after a rapid spurt of activity earlier this year following the lifting of COVID lockdowns, growth is stalling.

Investing.com — The Dow on Friday notched its best week since July, as a monthly jobs report showing cooling wage growth in July, underpinned optimism that slowing inflation will likely persist and encourage the Federal Reserve keep rates steady next month.

Investing.com — The S&P 500 gave up some gains to trade flat Friday, even as a monthly jobs report showing slower wage growth underpinned optimism that slowing inflation will likely persist encouraging the Federal Reserve keep rates steady next month.

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NEW DELHI/SYDNEY : Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Three sources said the target fund raise of $2.5 billion is part of a combined $3.5 billion target the firm has set for itself, a part of which - $1 billion - came from Qatar Investment Authority (QIA) and was announced last month.

Sula Vineyards rose 2% to Rs 499 in Friday's intraday trade on BSE after HDFC Mutual Fund, Societe Generale, Morgan Stanley Asia Singapore, and Ghisallo Master Fund bought a 7.06% stake in the winemaker after foreign investor Verlinvest Asia sold a 12.56% stake. The acquisition was facilitated through open market transactions on August 31. At 11.33 a.m., the stock was trading 1% higher at Rs 494.8 on BSE. On a year-to-date basis, the stock has surged 50%, while it has also risen nearly 40% in the last six months. The firm distributes wines under a bouquet of popular brands such as Sula, its flagship brand, besides other popular brands like RASA, Dindori, The Source, Satori, Madera & Dia. Sula Vineyards is majority-owned by public shareholders with a 72.7% stake, while promoters own the rest of 27.2%. Among the public shareholders, mutual funds have a 9% stake, while prominent foreign investors Goldman Sachs, and ADIA also have holdings in the company. In the recent first quarter, Sula Vineyards' consolidated net profit rose 24% year-on-year (YoY) to Rs 13.68 crore.

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Jefferies Australia has poached Morgan Stanley managing director and global capital markets boss, Mark Burmeister.

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Investing.com — U.S. futures traded in a mixed fashion Thursday, as investors awaited the release of key inflation and unemployment data as clues of future Federal Reserve monetary policy decisions.