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Morgan Stanley’s IPO revival comes with big caveat

At this point in the earnings season for big US banks, it was clear that Morgan Stanley’s figures were going to be down — the more pressing question was by how much. After all, the firm derives almost all of its revenue from market-related fees, a weak spot for competitors like Bank of America Corp. and JPMorgan Chase & Co., ...

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Rate cut may not save ‘ringgit rally’ as index outflow looms

Bloomberg A storm is brewing for Malaysian bonds, as the threat of an $8 billion outflow and a falling ringgit erode sentiment, even in the face of a likely interest-rate cut. The biggest rally in ringgit bonds in three years, fuelled by bets for policy easing, has ground to a halt. FTSE Russell sparked the latest — and perhaps biggest ...

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US small caps at ‘crucial junctures’, says strategist

Bloomberg Smaller US stocks may be worth watching right now for both their relative performance and their technical picture. The Russell 2000 index of small-cap stocks has fallen 1.5 percent since February 22, while the S&P 500 index, which tracks the biggest American companies, has risen 4 percent. And that difference could bode ill for the entire stock market, equity ...

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