Morgan Stanley warns on headwinds for stocks including weaker earnings, cautious firms ...Middle East

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Morgan Stanley warns on headwinds for stocks including weaker earnings, cautious firms
Via a note to clients from Morgan Stanley, Michael Wilson, the firm’s chief U.S. equity strategist has warned on headwinds for further progress on stocks, citing a combination of:weaker earnings revisions breadthcautious corporate commentaryweaker leading survey dataa decelerating fiscal impulseSaid these are negatives for earnings, and they'll likely persist into the new year, "before a durable recovery takes hold.”.---Stocks surged (again) on Friday, greatly helped by Powell speaking:Forexlive Americas FX news wrap: No pushback from Powell, gold hits a recordUS equity index futures trade begins for the week at the top of the hour. This article was written by Eamonn Sherida

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