US Stock Reports, Quotes and News
Investing.com– Sentiment towards mainland Chinese stock markets improved over the past week, as hopes of more government stimulus and some positive economic data helped spur gains in regional markets after a middling start to the second quarter.
Prime Minister Narendra Modi-led Bharatiya Janata Party is widely expected to win a third term, which will help his administration continue its focus on modernizing infrastructure and boost manufacturing. Indian equities have risen to records this year following a rally driven by robust economic growth.
With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM equity fund to China, while reducing India to less than half that, according to Edward Evans, a London-based EM equities portfolio manager. He cites a divergence in valuations as the main reason for the decision.
Investing.com– Morgan Stanley (NYSE:MS) plans to start cutting about 50 investment banking jobs in Asia, excluding Japan, this week, with a bulk of the cuts aimed at Hong Kong and China, Bloomberg reported on Wednesday.
Investing.com– Most Asian stocks moved in a flat-to-low range on Wednesday amid waning expectations for U.S. interest rate cuts, while Chinese markets advanced amid some signs of economic recovery.
SHANGHAI/BERLIN (Reuters) -Tesla\’s global job cuts include reducing staff in the U.S. and China, the automakers\’ two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said.
A risk-off sentiment gripped developing-nation assets, taking a cue from money markets that were no longer pricing a Federal Reserve interest-rate cut in September, pushing their expectation to November.
Investing.com– Asian stocks fell sharply on Tuesday, tracking an overnight rout on Wall Street amid persistent concerns over geopolitical tensions in the Middle East and higher-for-longer U.S. interest rates.
In a note on 10-year expected returns, Amundi said it has downgraded its predictions on U.S. market returns given that investors have now fully priced in growth expectations, especially in mega cap stocks.