Latest News

Europe is tipped to beat all major markets this year. Here are Morgan Stanley’s top picks


Chanin Wardkhian | Moment | Getty Images

Analysts at Morgan Stanley have tipped Europe as the best-performing region in the world in the second half of the year and chose stocks to trade the upswing.

“We think there is a good chance that Europe outperforms all major regions this year for the first time in a calendar year since 2000,” its analysts said in a research note published Sunday.

Morgan Stanley expects global markets including the U.S. to be “choppier” throughout the summer due to rising inflation, pressure on firms’ margins and a possible slowing of quantitative easing put in place to boost the economy. It said there is a “compelling” case for Europe to outperform because of more attractive valuations, stronger earnings-per-share growth and the launch of the E.U. massive post-Covid recovery fund.

It picked more than two dozen European stocks that have a large international presence, but trade at a discount to their global peers.

Morgan Stanley’s picks include:

Top FDA official says fully vaccinated people could need Covid booster shots within a year

Previous article

New York attorney general is now investigating Trump Organization ‘in a criminal capacity’

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News