Asia-Pacific markets were set to mostly climb Monday, with investors awaiting Korean central bank's rate decision and India' third-quarter GDP numbers this week.Singapore later in the day will release its inflation figures for October. Economists polled by Reuters expect the headline inflation rate of 1.8%, down from the 2% in the previous month.
The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside. CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio.Recent choppiness shouldn't make investors question whether the market has strength into the end of 2024, according to Robert Schein, chief investment officer of Blanke Schein Wealth Management.
"Even though the market has been volatile over the past week as investors start to question the post-election rally, we believe the market's overall fundamentals remain strong and are supportive of stock prices," he addedafter its quarterly beat and expected Blackwell ramp — and is staying positive on the AI compute industry looking ahead to the end of next year.
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