Posted 1/22/2024, 5:45:42 AM
Global Markets Cautiously Optimistic Ahead of the Week; Biopharma Stocks in Focus as Morgan Stanley Sees Defensive Value
- European markets expected to open higher on Monday
- Asia-Pacific markets were mixed overnight; China kept loan prime rates unchanged
- US stock futures little changed after S&P 500 hit fresh record high on Friday
- Anti-obesity drug market in focus; Novo Nordisk & Eli Lilly patents expiring, opening opportunities
- Morgan Stanley bullish on biopharma stocks as defensive play amid uncertain macro backdrop