Morgan Stanley Strategists Warn Against Chasing China Stock Gain
The momentum behind one of the world’s biggest stock rallies in China will likely abate, according to Morgan Stanley.
The momentum behind one of the world’s biggest stock rallies in China will likely abate, according to Morgan Stanley.
Stocks in Asia slid following a sluggish US session, with investors seeking firm evidence of an earnings recovery before taking this month’s rally further. The dollar gained.
Oil fell to the lowest level since mid-March, with a mildly bearish US stockpile report and tensions in the Middle East in focus.
Olam Agri Holdings Ltd. has yet again trumped Louis Dreyfus Co.’s bid for Namoi Cotton Ltd., as the two major agricultural traders vie for the Australian cotton producer.
Israel’s move to take control of the Rafah crossing into Egypt has sparked sharp debate about its end goal: Is this the start of a long-threatened invasion of the southern Gaza city, or an attempt to pressure Hamas to ease conditions for a cease-fire and the release of hostages?
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