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World’s top money managers see double-digit stock gains in 2023

  Bloomberg Some of the world’s biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008. Amid recent optimism that inflation has peaked — and that the Federal Reserve could soon start to change its tone— 71% of respondents in a Bloomberg News survey expect ...

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BofA says don’t bet on a rise in equities after last Fed hike

  Bloomberg While investors are impatient for the Federal Reserve to deliver its last rate hike to pile back into equities, history shows they should be wary of doing so while inflation remains persistently high, according to Bank of America Corp. (BofA) strategists. An analysis by Michael Hartnett and his team showed that stocks outperformed after the Fed stopped increasing ...

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Adnoc, Taqa, Mubadala complete deal to acquire stakes in Masdar

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (Adnoc) announced on Thursday the successful completion of the Masdar transaction, following which they will all become shareholders in Abu Dhabi Future Energy Company (Masdar) — Abu Dhabi’s flagship clean energy company. This transaction — first announced in December ...

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