DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 01/27/21

Dollar found some support from US yields in early trading in 2021. 2021 should not be the year to pencil in small corrections, but more to paint in broad brush strokes the major trends set to dominate the year. This includes a global recovery emerging from 2Q onwards, central bank...

Asia Pacific equities mostly slipped lower, and profit-taking was seen in Hong Kong and Seoul, which are off to an incredibly strong start to the year. The euro recovered yesterday after recording a four-day low just below $1.2110. The FOMC meeting concludes today, and expectation...

After rallying strongly to start the year, Asia Pacific equities, led by the high-flying Hang Seng sold-off, led by Tencent. Facing a likely defeat in the Senate this week, Italy's Prime Minister will tender his resignation before getting fired. Leaving aside the partisanship, it ...

Flash Eurozone PMI falls from 49.1 in December to 47.5 in January. Manufacturing expansion persists at slower rate, services contract amid tougher lockdowns. Germany ekes out sustained growth, but rest of region declines. Job losses ease, prices fall despite higher costs. ...

US shares are trading higher, led by the Nasdaq, as several tech companies report earnings this week. Asia-Pacific equities moved higher, again led by Hong Kong and ostensibly mainland buying. Most bourses advanced, though Taiwan, India, and a few smaller markets declined. Europea...

Our analysis had led us to expect a dollar bounce after sliding sharply since the US election. When the dollar did not sell off further on the back of the disappointing ADP estimate on January 6 or the events in the Capitol, it signaled a dollar recovery. The euro rose nearly a ce...

In the Asia-Pacific region, Hong Kong shares got hit the hardest today, falling by 1.6%, while India and several smaller bourses also fell by more than 1%. On the back of soft preliminary PMIs, Europe's Dow Jones Stoxx 600 is off 1% to give back this week's gains. The S&P 500 ...

Eurozone output likely contracted in Q4 2020 and the resurgence of COVID-19 poses downside risks to the short-term economic outlook, said European Central Bank President Christine Lagarde in her introductory statement for her post-policy decision press conference.The central bank stuck to its...

The S&P 500 and Nasdaq gapped higher yesterday to record levels. The reflation theme lifted Asia-Pacific shares for the third session today, with South Korea, Taiwan, and China leading the advance. Europe's Dow Jones Stoxx 600 gapped higher and is consolidating. The US dol...

Led by continued strong buying of Hong Kong shares, the MSCI Asia Pacific Index rose to new highs. Europe's Dow Jones Stoxx 600 has recouped yesterday's 0.2% loss plus some, led by the information technology and consumer discretionary sectors. The S&P 500 and NASDAQ futures po...