Morgan Stanley's global market sentiment indicator signals risk on

Morgan Stanley said its global market stress and sentiment indicator has turned positive, signaling a shift to a “risk on” appetite after holding a neutral reading since January. According to the bank’s Tuesday note, this regime has historically been linked to above-average one-week returns for global equities.

The MSI generates risk-on/risk-off signals based on two key conditions: the “level” and the “change” in the MSI. Strategists note that both conditions are currently met. U.S. stock indexes rose on Tuesday, reaching a nearly two-week high, as softer producer price data bolstered expectations for a potential interest rate cut by the Federal Reserve in September.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market in a Sea of Red; Morgan Stanley Gears Up to Offer ETFs'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as major cryptocurrencies extended their slump during Asian trading hours before recovering from the crash. Plus, former President Donald Trump argued the benefits of the U.S.
Source: CoinDesk - 🏆 291. / 63 Read more »

Friday's analyst calls: Big Tech earnings reaction, Morgan Stanley gets a downgradeMajor tech-related stocks and a big bank were among the stock being talked about on Wall Street on Friday.
Source: CNBC - 🏆 12. / 72 Read more »