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China’s stock and bond markets are giving a clear signal to policymakers that they need to take more steps to revive investor confidence. Stocks fell for a third day Tuesday, paring last week’s rebound that was driven by optimism over a market rescue package. The benchmark 10-year bond yield dropped…
(Bloomberg) -- Morgan Stanley cut its targets for major Chinese stock indexes while raising estimates for Japanese benchmarks, as the performance gap between the two continues to widen.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Sensing Advantage in WarTesla Sinks After Warning About ‘Notably Lower’ Growth RateUS Extends Lead Over China in Race for World’s Biggest EconomyUS GDP Grew 3.3% Last Quarter, Capping Unexpectedly Strong YearThe brokerage lowered the year-end target f
Sentenced: Jonathan Garner, 32, Napoleon, no operator’s license, $100 fine; speed, $65 fine; no safety belt, $30 fine; driving under suspension, dismissed.
(Bloomberg) -- For the China bulls on Wall Street, 2023 is a year to forget.Most Read from BloombergMike Johnson May Be the Next House Speaker to Lose His JobHarvard College Early Applications Drop 17% From Last YearNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesChina’s iPhone Ban Accelerates Across Government and State FirmsGlobal investment banks turned almost unanimously optimistic on the market around this time l
Here are some of the top recommendations made by fund managers at Allianz Global Investors, Fidelity International, Principal Asset Management, Janus Henderson Investors and others: