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Top related persons:
Tom Stevenson - 3 Stevenson - 2 Rowe Price - 2 Fidelity's Stevenson - 2 Morgan Stanley - 1 Jonathan F - 1 Garner - 1 Morgan - 1
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Japan China Amundi Japan India Bullish Europe U.S
Top related orgs:
Fidelity International - 3 CNBC Pro - 2 U.S . - 1 Amundi - 1 U.S - 1 CNBC - 1 Japan - 1 Tokyo Exchange Group - 1

Search resuls for: "Tom Stevenson"


4 mentions found


☆ Morgan Stanley reveals its outlook for Asian stocks, says one major index is set to soar 11% in 2024
  + stars: | 2023-11-14 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Morgan Stanley has revealed a bullish call on Japanese stocks for 2024. China and emerging markets However, Morgan Stanley remains cautious on other Asian markets going into the first half of 2024. The bank's strategists lowered their target for the MSCI Emerging Markets Index to 1,000, implying a modest 4% upside from current levels. They cited slowing global growth, higher interest rates, and currency weakness versus the U.S. dollar as headwinds for emerging markets. Morgan Stanley expects strong nominal GDP growth above 11% annually in 2024 and 2025 thanks to "young demographic and geopolitical alignment," which will drive earnings higher.
Persons: Morgan Stanley, Jonathan F, Garner, Tom Stevenson, Morgan, CNBC's Michael Bloom, Penny Chen Organizations: U.S ., Amundi, Fidelity International, CNBC Pro, U.S Locations: Amundi Japan, Japan, China, India
☆ Want to retire in 5 years? Here’s how to invest for it, according to the pros
  + stars: | 2023-10-16 | by ( Amala Balakrishner | ) www.cnbc.com   time to read: +5 min
So, what are the best investment strategies if you are looking to retire in around five years' time? This calls for a much higher exposure to riskier assets like stocks, says Stevenson. Stock/bond/cash split When deciding how to plan assets across stocks, bonds and cash, the pros say an appropriate balance between short-term stability and long-term growth potential is key. For someone in their 50s looking to retire soon, Ward suggests allocating 65%-85% of their assets to stocks and the remaining 15%-35% in bonds. Bullish on Japan, tech plays Within each asset allocation, the importance of diversification should not be overlooked, according to the pros.
Persons: Tom Stevenson, Stevenson, Thomas Poullaouec, Rowe Price, Laith Khalaf, AJ Bell, Fidelity's Stevenson, Fidelity's Stevenson reckons, Judith Ward, Ward, Poullaouec Organizations: Fidelity International Locations: Bullish, Japan, China, Europe
☆ Forget the U.S: Pros say another top market looks cheap and offers the 'best' opportunities
  + stars: | 2023-10-09 | by ( Amala Balakrishner | ) www.cnbc.com   time to read: +4 min
Attractive returns and the breadth of opportunities are among the many reasons the U.S. has long reigned supreme for investors. In terms of countries, Japan looks to offer the best combination of earnings growth, cheap valuations and policy support," Tom Stevenson, investment director at Fidelity International, told CNBC Pro. "Japanese shares are trading on around 15 times this year's expected earnings and 14 times earnings two years out," he said. "There has been some increase in this multiple during the recent rally in Japanese shares, but they remain relatively cheap compared to the U.S. which trades on around 20 times earnings." Among his choices is the Baillie Gifford Japanese Fund, which he describes as a "growth-focused fund run by an experienced manager."
Persons: Tom Stevenson, Daniel Hurley, Rowe Price, Stevenson, TRP's Hurley, Fidelity's Stevenson, Hurley, Baillie Gifford Organizations: Fidelity International, CNBC, CNBC Pro, Japan, Tokyo Exchange Group, Stock, Japan's, Bank of Japan, Sony, Astella Pharmaceuticals, Fund, Schroder Japan Trust, SoftBank, SBI Holdings, Hitachi, Nippon Gas, Toyota, Japan IMI Locations: Japan, U.S
☆ UK economy limps along as high inflation hits spending
  + stars: | 2023-05-12 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
“Sky-high inflation, negative real wage growth and general cost of living pressures are weighing on the consumer, and in turn the services industry which is typically a key growth engine for the UK economy,” she added in a note. The Bank of England raised interest rates for the 12th consecutive time Thursday in its battle with double-digit inflation. The central bank expects the UK economy to grow by 0.25% this year and by 0.75% in 2024 — a much more positive assessment than in February, when it forecast contractions of 0.5% and 0.25%, respectively. Inflation still highConsumer price inflation in the UK remains stubbornly high, holding above 10% in the year to March. “With inflation still in double digits, it feels depressingly like a re-run of the 1970s.”The Bank of England expects inflation to fall sharply over the coming months.
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