Today news
About the same in other media
Morgan Stanley cuts price target for MSCI China
Reading now: 877
Morgan Stanley on Friday cut its price target for MSCI China, a week after it lowered its economic growth forecast for China this year in the wake of disappointing data from the world's second-biggest economy.
Morgan Stanley said its June 2024 target for MSCI China was now 60, down from 70.
MSCI China closed at 59.072 on Thursday and is down about 8% this year.
The brokerage said it expects the pattern of substantial earnings misses versus consensus to continue in the current deflationary macro-economic environment.
About this in other media
Marketmind: Markets find feet after Apple topples investing.com /1 year ago
Debt-laden Altice in talks to sell data centres to Morgan Stanley - Les Echos investing.com /1 year ago
Weight-loss drugs may reduce the appeal of alcoholic drinks livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
