Morgan Stanley has retained its stance on Indian equity markets given relatively strong domestic demand, but has cut its active position on China overweight as its initial recovery momentum waned in April and May. Morgan Stanley said the US dollar’s strength is delaying the timeline for overall earnings recovery for MSCI China.
Trump tariffs may lead to slump in global GDP; what happens to Apple exports from India? Swaminathan Aiyar explains
Swaminathan Aiyar warns that the world may be at initial stages of a potential prolonged trade war led by Trump, predicting severe global economic impacts.