MorganStanl

Daily Market Comment – Powell calms inflation nerves; dollar and yields dip but stocks unfazed

Posted on July 15, 2021 at 9:13 am GMT

Fed chief Powell plays down inflation spike, says tapering is “a ways off” Dollar and yields head back down before virus fears re-emerge, yen climbs Equities only modestly boosted as growth concerns weigh after China GDP miss Powell soothes nerves but hints at U-turn Fed Chair Jerome Powell sought to allay growing worries that the bout of higher inflation is here to stay and that stimulus would have to be dialled back soon when testifying before lawmakers on Wednesday. While [..]

Daily Market Comment – Stocks climb, dollar slips as Yellen makes case for more stimulus

Posted on January 20, 2021 at 9:53 am GMT

Stocks power higher after Yellen calls for more big spending to fight pandemic Risk assets rally ahead of Biden inauguration as reflation trade boosted Dollar under renewed selling pressure, gold capitalizes Yellen talks up big spending Risk appetite was riding high on Wednesday after Treasury Secretary nominee Janet Yellen reignited hopes of more massive stimulus packages in the United States in her confirmation hearing yesterday. Yellen went out of her way to make the case for higher spending to counter [..]

Daily Market Comment – Dollar edges up, stocks slip as recovery doubts set in

Posted on July 16, 2020 at 8:50 am GMT

China’s GDP bounces back but signs of uneven recovery dampen sentiment White House’s tough line on China also a drag on risk assets Euro softer ahead of ECB; Stocks eye US earnings and retail sales for direction China returns to growth but weak spending worries markets As far as V-shaped recoveries go, China’s economic recuperation from the coronavirus couldn’t look more V-shaped. Gross domestic product (GDP) jumped by 11.5% over the quarter to June after collapsing by almost 10% in [..]

Daily Market Comment – US earnings and data, China GDP propel stocks to fresh highs; dollar nears 8-month high vs yen

Posted on January 17, 2020 at 9:24 am GMT

China reports slowest annual growth in 29 years but signs of rebound at year-end Stocks climb to new records amid ongoing trade optimism and positive earnings String of upbeat data out of the US also boosts risk appetite China’s growth slows in 2019 but recovery could be underway Economic growth in the world’s second largest economy reached the slowest in 29 years according to GDP numbers out of China this morning. GDP expanded by 6.1% for the full year in [..]

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Technical Analysis – Morgan Stanley stock moves above 200-day simple moving average

Posted on July 16, 2019 at 9:30 am GMT

Morgan Stanleys’ stock has been incrementally following the north road since the end of December, and in the last month has risen from a three-month low of 40.40 to face the ultimate battle with the 200-day simple moving average (SMA). Presently, it is facing short-term resistance at the previous weeks’ break high above the 200-day hurdle of 45.00. Momentum cooled after the 200-day break, as also shown by the RSI as it points down in the positive area, whereas the [..]

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European Open Preview – Dollar consolidates losses; UK jobs data in focus

Posted on October 16, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was fractionally higher early on Tuesday (+0.06%), attempting to recover some of the losses it posted in the previous session. Meanwhile, the yen is losing ground across the board, as a rebound in risk appetite seems to be diverting funds out of the safe-haven currency. Elsewhere, the loonie advanced despite lower oil prices, after an upbeat survey by the BoC sealed the deal for a rate hike next week [..]

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Stock Market News – Netflix subscriber growth to bounce back? Earnings season fires up

Posted on October 15, 2018 at 3:10 pm GMT

Netflix’s earnings report for Q3 2018 will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Online Services peer group.    The provider of subscription-based streaming services is anticipated to have made $0.68 in earnings per share (EPS) during the quarter ending in September, according to Thomson Reuters estimates; this is a projection that has remained unchanged over the last [..]

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Stock Market News – JPMorgan and Citi could act as bellwethers for bank earnings; trade and yield angst remain at play

Posted on October 11, 2018 at 3:17 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization correspondingly, will be among corporations kicking off the Q3 earnings season for big financials. The two will be releasing their quarterly results before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, which matches the average recommendation for the Banks peer group. According to Thomson Reuters estimates, JPMorgan’s quarterly earnings per share (EPS) are projected to stand at $2.26, this being the result of [..]

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European Open Preview – Dollar broadly stronger on Powell’s optimistic remarks; UK inflation eyed

Posted on July 18, 2018 at 7:56 am GMT

Here are the latest developments in global markets: FOREX: The dollar continued gaining versus a basket of currencies on Wednesday after rising by a bit less than 0.5% the previous day. Upbeat comments on the US economy by Fed Chief Jerome Powell acted as the catalyst for the greenback’s advance, as well as fueling risk sentiment. In light of the risk-on mood, the yen retreated, with dollar/yen reaching a fresh six-month high of 113.07 earlier on the day. STOCKS: The [..]

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Stock Market News – IBM’s quarterly results eyed during packed earnings week

Posted on July 17, 2018 at 1:31 pm GMT

IBM’s earnings report for Q2 2018 will be made public after the closing bell on Wall Street on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the IT Services & Consulting peer group.    The multinational tech company is anticipated to have made $3.04 in earnings per share (EPS) during the quarter ending in June, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ [..]

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