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CNBC Pro: Morgan Stanley Wilson says inflation is slowing, but warns of a ‘new era’ ahead

Watch the full CNBC interview with Morgan Stanley's Mike Wilson

Morgan Stanley’s Chief US Equity Strategist Mike Wilson said he expects a “significant reduction in inflation”, and predicts when this could happen.

But he said there are two areas that are the exception, where inflation could be “harder”.

CNBC Pro subscribers can read more here.

– Weizhen Tan

Oil prices fall as China faces Covid concerns, Goldman Sachs predicts cut

Oil prices fell by as much as a dollar as Covid concerns rose in China with the nation seeing its first virus-related death recorded since May this year.

Brent oil futures It fell less than a dollar, or 0.9%, to settle at $86.83 a barrel and United States West Texas Intermediate Futures fell 1.09% to $79.21 per barrel.

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Goldman Sachs has cut its forecast for Brent crude for the fourth quarter of 2022 by $10-$100 per barrel, as China’s demand is weighed down by rising Covid concerns and insufficient details from recent levels. Group 7 on Russian oil.

“We believe the market has the right to be concerned about future fundamentals,” economists including Jeffrey Currie said in a note, adding that the potential for further cuts in China equates to the latest production cuts by OPEC+. .

– Lee Ying Shan

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CNBC Pro: Amazon is down 40% this year – is it time to buy? The market offers resistance

Once the darling of Wall Street, Amazon It has lost some of its luster this year. The e-commerce company has fallen more than 40%, as it is performing well. S&P 500which has decreased by 15 percent in the same period.

Is it time for investors to get back in? Two market experts faced off Thursday on CNBC’s “Street Notes Asia” to make the case for and against buying the stock.

CNBC Pro subscribers can read more here.

– Zavier Ong

European Markets: Here are the opening calls

European markets are headed for a wider open on Tuesday as investors in the region appear to be channeling concerns among their US and Asia-Pacific counterparts over China’s tightening of Covid restrictions, which have put pressure on manufacturing. continue, remove.

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According to IG data, it is expected that the FTSE index of England will increase by 27 points to 7407, the DAX of Germany will increase by 33 points to 14419, the CAC of France will increase by 20 points to 6653 and the FTSE MIB of Italy will increase by 70 points to 24433.

The data releases for November include preliminary consumer confidence data for the euro area.

– Holly Elliott


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