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  • Sep 09, 2024

Morgan Stanley’s Wilson Says Yen Carry Risk Lingers for Stocks

(Bloomberg) -- US equities are at risk from a further unwinding of yen-funded carry trades if the Federal Reserve delivers a jumbo interest-rate cut this month, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to

  • Sep 09, 2024

Morgan Stanley’s Wilson Says Yen Carry Risk Lingers for Stocks

(Bloomberg) -- US equities are at risk from a further unwinding of yen-funded carry trades if the Federal Reserve delivers a jumbo interest-rate cut this month, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to

  • Sep 09, 2024

Traders keep half an eye on CPI as jobs fear outweighs inflation

(Bloomberg) -- For two years since the Federal Reserve started its aggressive fight against inflation, equity traders have been glued to their screens on days when the consumer price index was reported.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the

  • Sep 09, 2024

Global markets mixed after Wall Street had its worst week in nearly 18 months

Asian stocks fell while European markets started the week higher on Monday after another rout hit Wall Street, as a highly anticipated U.S. job market update added to worries about the economy. Japan's gross domestic product grew by an annualized 2.9% in the second quarter, according to revised data from the Cabinet Office released on Monday. “Any broader risk aversion may have an amplified effect on Japanese equities, with safe-haven flows potentially supporting the yen, which is looked upon as negative for the country's exporters,” Yeap Jun Rong, market strategist at IG, said in a commentary.

  • Sep 09, 2024

DJT vs. SNAP: Which Social Media Stock Is Better?

In this piece, I evaluated two social media stocks: Trump Media & Technology Group (DJT) and Snap (SNAP). A closer look suggests neutral views for both of these companies. Trump Media owns Truth Social, Donald Trump’s social networking platform, which is still in its early stages. Meanwhile, Snap owns the messaging and social media app Snapchat. In addition to the app, the company provides a camera platform with editing tools for creating and sharing Snaps. It also offers wearable sunglasses cal

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