Morgan Stanley (MS.N) shares fell 1.6% in pre-market US trading after Oppenheimer downgraded the stock from Market Perform to Underperform.

Credit Agricole CIB says valuations on Japanese bond duration are becoming 'very attractive', but continued expansionary fiscal policy is keeping investors sidelined. The firm says a more hawkish Bank of Japan could lift inflation expectations and trigger a market rebound. While inflation has eased materially from policy measures, Credit Agricole CIB views this as unlikely to convince investors the BOJ is no longer perceived as behind the curve. The firm expects the Bank of Japan to raise rates again in October to counter yen weakness.

Pezeshkian: All stages of the negotiations are being conducted under the Supreme Leader’s full coordination and in accordance with the approved mechanism.