Morgan Stanley CEO Ted Pick expressed optimism about the stock market, predicting continued U.S. economic outperformance into 2025, driven by strong corporate balance sheets and consumer spending. While acknowledging potential risks from policy uncertainty and inflation, he remains constructive on sectors like financials and industrials. Pick also highlighted the importance of U.S.-China economic cooperation amid geopolitical tensions and proposed tariffs.
U.S. markets rebounded from geopolitical tensions, with Nvidia"s upcoming earnings report taking center stage, driving its shares up 4.9%. Analysts believe Nvidia"s performance will significantly impact the S&P 500, overshadowing other economic indicators. Meanwhile, Japan"s exports showed signs of recovery, and Burberry"s stock outlook improved following a strategic revamp.
Morgan Stanley"s chief global economist warns that proposed tariffs by Donald Trump could significantly hinder U.S. economic growth into 2026, leading to higher inflation. If implemented swiftly, these tariffs may create a "big negative shock" to the economy, affecting various sectors, including automobiles and consumer electronics. The potential impact on inflation could also eliminate interest rate cuts for 2025, further restraining growth.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
