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British companies are increasing pessimistic about UK’s impending departure from the European Union, with a majority believing it will harm the long-term business environment, a survey of chief financial officers has found.
Strategists at JP Morgan continued to sound a 'bullish' note on the outlook for global equities at the start of the week, pointing to upside for price-to-earnings multiples and earnings estimates.
Morgan Stanley has cut its stance on global equities to 'underweight', taking its allocation down to the lowest level in five years, as it argued that the risk/reward over the next three months looks "poor".
