Morgan Stanley upgraded its stance on U.S. equities to "overweight", citing a slowing but still expanding global economy despite policy uncertainty. "Despite unprecedented policy uncertainty, the global economy is still in expansion mode, albeit with slowing growth", Morgan Stanley analysts wrote in a note on Tuesday.
(Reuters) -Britain suffered a bigger-than-expected inflation surge in April, including in areas watched closely by the Bank of England which investors now believe will have to slow its already gradual pace of interest rate cuts. Inflation leapt to 3.5% in April from 2.6% in March, the Office for National Statistics said, the highest reading since January 2024 and the largest increase between two months since 2022 when inflation was rocketing above 10%. A Reuters poll of economists had pointed to a reading of 3.3% in consumer price inflation in April.
Investing.com-- BYD Co Ltd (SZ:002594) (HK:1211) shares rose to a record high in Hong Kong trade on Wednesday, with Citi hiking its price target on the Chinese electric vehicle maker on the grounds that it was best positioned to benefit from stronger exports.
Another day of dollar selling, albeit not an intense one, while Treasury yields remain elevated, keeping investors jittery as they watch for possible developments on U.S. trade deals and worry about the fiscal health of the U.S. economy. The safe haven yen and Swiss franc were again the main beneficiaries, as well as the euro, hitting their strongest levels in two weeks even though U.S. Treasury yields were on the rise in Asian hours. Rising Treasury yields usually underpin the dollar, especially against the yen, but that correlation has been weakening over the past month as U.S. President Donald Trump's erratic trade manoeuvres upended global markets and shook investor confidence in U.S. assets.
In Q1 Mobile Experience, says: Grew sales and profit by launching Galaxy S25 series featuring advanced Galaxy AI; and Secured double-digit profitability via cost competency amid some components price decline. For Q2, Samsung (SSNLF) looks to: Sustain flagship-centric sales by launching S25 Edge amid fading effect of new models; Expand AI phone lineup introducing "Awesome Intelligence" to the A series. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial
Shares rose in Asia on Wednesday while oil prices jumped more than 1% following a report that Israel may be planning an attack on Iranian nuclear facilities. A CNN report cited unnamed intelligence officials saying Israel may be preparing for an attack on Iranian nuclear facilities. Oil prices tend to rise with conflicts that might disrupt oil supplies, and they jumped early Wednesday but lost some of those gains by midday.
LONDON (Reuters) -Stocks were muted and the U.S. dollar under pressure on Wednesday, as investors fretted about the fiscal outlook for major developed economies and the lack of progress on trade deals. Oil prices rose more than 1% after a CNN report said that Israel was preparing a strike on Iranian nuclear facilities, raising supply concerns out of the key Middle East producing region and bringing geopolitical concerns back into focus. Investor sentiment has been fragile since Moody's last week downgraded the United States' credit rating, stoking worries about the country's $36 trillion debt pile, with U.S. President Donald Trump pushing for tax cuts that could worsen the debt load by $3 trillion to $5 trillion.
The iconic hedge fund manager spoke candidly about the US economy.
The valuation looks too good to ignore. stocks we like better than Nu Holdings › It's rare to find high-quality growth stocks on sale. But that looks to be the case with Nu Holdings (NYSE: NU).
TOKYO (Reuters) -Yields on long-dated Japanese government bonds rose to new records on Wednesday in the wake of a poor auction result that cast doubt over debt sales looming in the weeks ahead. Super-long yields have been on the rise, following U.S. Treasury yields higher and as concerns swirled about new fiscal stimulus ahead of a Japanese upper house election slated for July. The selloff in bonds is a quandary for the Bank of Japan, which is trying to taper its debt purchases and normalise monetary policy.