MSCI Financial News

By Elizabeth Howcroft

In a stock exchange notice on Thursday (12 October), EOT said it will issue a tender offer for 25% of its share capital if performance is not equal or exceeds the MSCI Europe index TR's total return from 1 June 2023. The tender offer will be priced at the prevailing net asset value at the time of repurchase — adjusted for the costs associated with the tender offer — less 2%. The proposal comes ahead of the trust's continuation vote at its annual general meeting on 15 November. The conditional tender offer proposal will also be voted on at the meeting, as well as at the 2026 AGM. ...

Global market update: Following a bruising session in Asian stock market, US stock market feel the heat of US inflation jitters. Dow Jones index added 0.12 per cent, S&P 500 indeex lost 0.50 per cent whereas tech heaby weight Nasdaq crashed 1.23 per cent on Friday. European Stoxx 600 index nosedived 0.98 per cent whereas MSCI's broadest index of global equities fell 0.3 per cent.

A look at the day ahead in European and global markets from Ankur Banerjee

By Ankur Banerjee

September performance numbers are in and Morningstar data shows funds that put their faith in “quality” companies outperformed the MSCI World Index over the past year.

By Bansari Mayur Kamdar

Asian shares rose on Thursday as markets wagered that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the U.S. consumer inflation report later in the day for further monetary policy clues.

By Jamie McGeever

Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities.

₹18,893 crore in September after six straight months of inflows, showed NSDL data. Till now, in October, they remain sellers. The ‘higher interest rates for a longer period’ narrative amid the US Federal Reserve’s hawkish stance could accelerate outflows from emerging markets including India.

By Nell Mackenzie

CLSA has upgraded India to increase India portfolio allocation to 20% above the MSCI benchmark.

However magnificent the “Magnificent Seven" tech titans might be, it is probably time for investors to look past them—way past. Of the 3,000 companies that make up virtually all of America’s stock market, an index representing the most valuable one-third, the Russell 1000, is looking healthy again. Stocks can be a harbinger of economic downturns, but a false alarm after last year’s mild bear market seemed to prove economist Paul Samuelson’s quip that “the stock market has predicted nine out of the last five recessions." Look below the hood, though, and stocks’ message about the economy is more concerning.

By Jamie McGeever

Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week. Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds and the safe harbours of Japanese yen and gold, with the euro the main loser. «The risk is higher oil prices, a slump in equities, and a surge in volatility supports the dollar and yen, and undermine 'risk' currencies,» said analysts at CBA in a note. In particular, there was a chance oil supplies from Iran might be disrupted, they added. «Given the tightness already facing physical oil markets in Q4 2023, an immediate reduction in Iran's oil exports risks pushing Brent futures above $US100/bbl in the short term.» Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when Islamist group Hamas killed 700 Israelis and abducted dozens more. The danger of disruptions to supply was enough to drive Brent up $4.24 to $88.82 a barrel, while U.S.

It’s the right time to buy global equities after a pullback that brought them to the brink of a correction, according to Citigroup Inc. strategists.

Exchange-traded funds that buy emerging-market equities are undergoing a churn — and the biggest loser is the BlackRock Inc. fund that helped usher in passive investing to the asset class two decades ago.

Stocks finished yesterday flat after being down earlier for most of the session. A sell-off in the dollar ahead of today's Job report was the main catalyst for the bounce. The S&P 500, for the most part, has consolidated the last two trading sessions and failed for a second day at 4,270.

bond selling stretched into Asia trade on Friday, but may not last the day as investors waited on U.S. jobs data that could add to the case for keeping interest rates high for some time. Sliding oil prices have also provided some relief to markets, with Brent crude futures at $84.50 a barrel, some $13 or 13.5% cheaper than last week's 11-month high.

By Tom Westbrook