Morgan Stanley Goes Against Grain With Bond Buy Call; Stocks Up Ahead of Data

Morgan Stanley strategists stand alone in recommending investors buy government bonds, disputing narratives about foreign selling and weak economic growth.
They see risks of negative payroll numbers and banks pulling back on credit, with data like gross domestic income and credit manager surveys pointing to weakness.
The dollar slumped against the yen after Bank of Japan signaled possible end to negative rates. Stocks rose ahead of inflation data.
Tesla shares rallied on Morgan Stanley upgrade to overweight citing AI potential. Apple to use Qualcomm chips.
House panel conducting Taiwan war game with Wall Street. FDA re-evaluating common nasal decongestant. Musk biographer changes account of Starlink in Ukraine.

Morgan Stanley strategists stand alone in recommending investors buy government bonds, disputing narratives about foreign selling and weak economic growth.
They see risks of negative payroll numbers and banks pulling back on credit, with data like gross domestic income and credit manager surveys pointing to weakness.
The dollar slumped against the yen after Bank of Japan signaled possible end to negative rates. Stocks rose ahead of inflation data.
Tesla shares rallied on Morgan Stanley upgrade to overweight citing AI potential. Apple to use Qualcomm chips.
House panel conducting Taiwan war game with Wall Street. FDA re-evaluating common nasal decongestant. Musk biographer changes account of Starlink in Ukraine.