MSCI Financial News

Big investment firms that have shunned retail real estate for years are giving the sector a fresh look, the latest sign that this long beleaguered property type is on the mend. Institutional buyers are snapping up grocery stores, pharmacies and other recession-resilient stores.

Futures positioning is currently extended and one-sided after a massive rally in stocks since late October. With profit levels accumulating, there is a potential for short-term profit-taking and headwinds, Citi strategists write.

By Elizabeth Howcroft

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Catch Live Market Updates here Investors await the decision of Bank of Japan policy meeting wherein members are likely to debate whether economic conditions are falling into place for the bank to begin unwinding ultra-loose monetary settings. None of the economists polled by Reuters expect the central bank to end its negative interest rate policy on Tuesday with most projecting such an action to happen next year. Meanwhile, the domestic equity indices ended lower on Monday as investors seem to book profits after markets set a new high last week.

By Nell Mackenzie and Wayne Cole

The Bank of Japan (BOJ) meets Tuesday amid much chatter that it is considering how and when to move away from negative interest rates. None of the analysts polled by Reuters expected a definitive move at this meeting, but policy makers might start laying the groundwork for an eventual shift. April was favoured by 17 of 28 economists as the kick-off for negative rates to be scrapped, making the BOJ one of the few central banks in the world actually tightening. «Since the last meeting in October, 10-year JGB yields have fallen and the yen has appreciated, giving the BOJ little incentive to revise policy at this stage,» said Barclays economist Christian Keller. «We think the BOJ will wait to confirm the result of the 'shunto' wage negotiations next spring, before moving in April.» Japan's Nikkei lost 1.2%, weighed in part by a firm yen.

Wall Street, 2023 is a year to forget. Global investment banks turned almost unanimously optimistic on the market around this time last year, only to be confounded by a 14% drop in the MSCI China Index. Now, as policymakers ramp up efforts to arrest a housing slump and extend funding support for the broader economy, hopes are building again that 2024 will be better. But it's a case of once bitten, twice shy. This time around, expectations are much more modest. «It's like we've stood still in time for 12 months.

A look at the day ahead in European and global markets from Kevin Buckland

By Nell Mackenzie

By Stella Qiu

By Jamie McGeever

By Stephen Culp

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By Stephen Culp

inflation report later in the day that will set the tone for the week filled with central bank meetings. The U.S. Federal Reserve is widely expected to hold rates on Wednesday, with the spotlight squarely on comments from Chair Jerome Powell during his press conference as well as the central bank's dot plot and summary economic projections.

Jindal Stainless, Punjab National Bank, BHEL, and Oberoi Realty are anticipated to be included in the MSCI Standard index during the February 2024 index reconfiguration, as per estimates by Nuvama Alternative & Quantitative Research. These four stocks could potentially witness inflows ranging between $140 million and $150 million each if included in the MSCI index. The global cut-off period for the selection of stocks to the MSCI Global Standard index spans from January 18 to 31.

US Federal Reserve and the European Central Bank (ECB). The oil prices are expected to get some support from the demand from the United States, which has sought up to 3 million barrels of crude for the Strategic Petroleum Reserve (SPR) in March 2024.

By Wayne Cole and Lawrence White

global market. MSCI 1-month’s return is 8.0% compared to MSCI World’s 5.2%, 1Yr is 12% vs 13.8%, respectively. This favourable outcome positions India attractively, fostering expectations of an enticing domestic pre-national election rally in anticipation of sustained reforms and policies.

US Federal Reserve is done with raising key interest rates have triggered foreign fund inflows into emerging markets like India. FPIs have bought ₹26,505 crore worth of Indian equities and the total inflow stands at ₹30,852 crore as of December 8, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The investment in cash market stands at ₹10,874 crore.