Author: Multibagger News

Morgan Stanley Strategists Expect Series of Interest Rate Cuts Through Mid-2025 Following Fed’s 50bp Reduction In a recent note, Morgan Stanley strategists predict a series of 25-basis point interest rate cuts extending through mid-2025, in line with the Federal Reserve’s data-dependent approach. Chair Jerome Powell emphasized the need for the central bank to remain flexible in its policy decisions. The forecast includes two more 25bp reductions before the end of the year, bringing the rate down to 4.4%. The team expects the Fed to continue cutting rates into 2025, with an additional four 25bp cuts projected in the first half…

U.S. Stock Futures Surge After Federal Reserve’s Bold Rate Cut: What You Need to Know — As the world’s leading investment manager and financial markets journalist, I’m here to break down the latest market-moving events so you can stay ahead in your investment journey. Federal Reserve Initiates Easing Cycle with Major Rate Cut In a groundbreaking move, the Federal Reserve has slashed interest rates by half a percentage point, marking its first rate cut since 2020. This decisive action has sent U.S. stock index futures soaring. As of 05:45 ET (09:45 GMT), the Dow Jones Industrial Average rose by 475…

By Sudipto Ganguly and Uditha Jayasinghe COLOMBO (Multibagger) – Sri Lankans will vote for a new president in a tightly contested election on Saturday, with the outcome expected to determine the fate of fragile economic recovery led by incumbent Ranil Wickremesinghe who is facing off with left-leaning rivals. The economy, which collapsed in 2022 after a severe shortage of dollars, is one of the key issues for voters, who have struggled with inflation that soared to as much as 70%, a battered currency and power tariffs that jumped 65%. Although inflation cooled to 0.5% last month and GDP is forecast…

Read about the latest upgrade on Info Edge India Ltd. by BofA Securities, marking a positive outlook on the company’s market position and revenue recovery prospects. Find out how this upgrade could impact your investments and financial future. On Thursday, BofA Securities made a significant revision to its stance on Info Edge India Ltd. (INFOE:IN), upgrading the stock from Underperform to Buy and substantially raising the price target to INR9,000.00, up from the previous INR5,185.00. The adjustment reflects a positive outlook on the company’s market position and revenue recovery prospects. The analyst at BofA Securities highlighted the strong market share…

Investment Manager’s Insight: €160 Million Allocated from Frozen Russian Assets to Meet Ukraine’s Urgent Humanitarian Needs for Winter As the world’s best investment manager, I bring you the latest financial news that can impact your investments. European Commission President Ursula von der Leyen announced that €160 million from the proceeds of frozen Russian assets will be used to address Ukraine’s urgent humanitarian needs for this winter. This move highlights the importance of international cooperation in times of crisis. Furthermore, von der Leyen mentioned that a fuel power plant in Lithuania will be dismantled and rebuilt in Ukraine, where 80% of…

Federal Reserve’s 50 Basis Point Rate Cut: Impacts on the Yield Curve and Inflation Expectations Understanding the Market Reaction to the Fed’s Latest Move The Federal Reserve’s recent 50 basis point rate cut has triggered significant market reactions, most notably a steeper yield curve driven by shifts at the short end, according to analysts on Thursday. Key Highlights: Inflation Expectations on the Rise: Post-rate cut, the 10-year inflation breakeven rate indicates a slight increase in inflation expectations. Mixed Movements in Market Rates: Initial market rates dropped following the cut, but longer-term rates eventually edged higher. Yield Curve Steepening: ING predicts…

Breaking News: U.S. Stock Futures Surge After Fed’s Rate Cut Announcement In a groundbreaking move by the Federal Reserve, U.S. stock index futures have surged on Thursday, with Nasdaq futures climbing nearly 2% after the central bank initiated an easing cycle with a half a percentage point cut. This move is expected to aid a soft landing for the world’s biggest economy, making it a prime opportunity for investors. Rate-sensitive growth stocks like Microsoft, Meta, and Alphabet have all seen significant gains in premarket trading, with chip stocks such as Nvidia, Advanced Micro Devices, and Broadcom also on the rise.…

French Police Kill Two Men in New Caledonia Amid Unrest – Investing.com By Dominique Vidalon and Juliette Jabkhiro PARIS (Multibagger) – Police killed two men during an overnight operation in the French territory of New Caledonia amid unrest between indigenous Kanaks and French loyalists, the Noumea prosecutor’s office said on Thursday. The killings raise to 13 the death toll on the Pacific island since the start of a crisis triggered by a controversial voting reform that was suspended in June. The incident took place in Saint Louis, a stronghold of the independence movement south of Noumea, as police searched for…

Emkay Global Upgrades Tata Motors Stock to ‘Buy’ Amid Sector Downturn – Analysts Remain Bullish on Growth Prospects Emkay Global has raised the rating for Tata Motors Ltd. (TTMT:IN) (NYSE: TTM) stock to ‘Buy’ with a price target of INR1,175.00, following a recent decline in the stock price. The firm’s decision comes amidst a challenging market environment influenced by factors such as reduced outlook for competitors like BMW and muted demand in key markets like China and India. Despite these challenges, analysts are optimistic about Tata Motors’ prospects, citing positive factors such as Jaguar Land Rover’s (JLR) strong position in…

Allegro Shares Plunge: Q3 2024 Earnings Forecast Disappoints, Market Reacts Allegro (WA:) Stock Drops Amidst Slower Earnings Growth Forecast for Q3 2024 Investing.com — Shares of Allegro (WA:) tumbled on Thursday following a disappointing forecast for the company’s third-quarter 2024 earnings growth. As of 5:12 am (0912 GMT), Allegro was trading 7.8% lower at PLN 35.70. The company has projected that Polish Gross Merchandise Value (GMV) growth will decelerate to a range of 10-11%, falling short of the 12% anticipated by market consensus. Revenue growth in Poland is projected to be between 16-18%, below the 19% forecasted by analysts. Furthermore,…