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31 May 2018
Morgan Stanley's Gorman: Eurozone not in jeopardy
CEO of Morgan Stanley, James Gorman, during an interview on BloombergTV, gave some of his thoughts on the current state of affairs in Europe and across the globe, shunning the idea that traders are rightfully fearful in the face of the Italian political drama that dragged down investor confidence over last weekend.
Key highlights
Says is seeing extraordinary global synchronized growth.
Growth disrupted by political instability.
Italy is a manifestation of such risks.
Does not think the eurozone is in jeopardy.
USD likely to strengthen over time.
Surprised if US bond yields stay below 3%.
US is not trying to start a trade war.
Open trade has been generally positive for the US and Canada.