Wednesday, September 7, 2022

Morgan Stanley rerates banking sector, sees 41% upside in select stocks

Morgan Stanley rerates banking sector, sees 41% upside in select stocks What has surprised some money managers is that the credit growth has jumped in India when global issues have resurfaced, and a global economic slowdown looks imminent. That means, Indian lenders are bucking the global trend.

from Moneycontrol Market Outlook https://ift.tt/tbH04x8

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...