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Markets May Be 'Tiptoeing' Into Valuation Shock, Morgan Stanley's Caron Says

Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management, says the recent surge in oil prices has triggered a price shock, leading to a corresponding decline in equity prices as future cash flows are discounted more heavily. He speaks on "Bloomberg The Close."

Read more: Markets May Be 'Tiptoeing' Into Valuation Shock, Morgan Stanley's Caron Says
Bloomberg

What the Iran War Reveals About China's Global Role

The war in Iran has reshaped the dynamics between the United States and China, delaying a planned summit between President Trump and President Xi and exposing competing priorities. Former US Ambassador to China Nicholas Burns says Beijing is balancing its political ties to Iran with its deeper economic reliance on Gulf energy supplies, while avoiding direct involvement in the conflict. As Washington and Beijing look ahead to renewed talks on trade, supply chains, and security, the episode highlights both the limits of China's global influence and the broader competition between the two powers.

Read more: What the Iran War Reveals About China's Global Role