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02-02-2015 15:28 DJ European Equities to Outperform, Says Morgan Stanley -- Market Talk
Name Letzter Veränderung UBS N 16.10 0.35 (2.22 %) UBS GROUP N 16.17 0.36 (2.28 %)
-European stocks should outperform global equities in 2015, says Morgan Stanley, thanks to falling bond yields, growing economic momentum, a continued fall in the euro and stronger earnings per share growth in Europe than in the U.S.. Says 2005 is the only year over the past two decades where European equities benefitted from all four of those factors. Back then, European equities outperformed the MSCI World Index by 6% and the U.S. market by 17%. European companies that Morgan Stanley has tipped to perform particularly strongly include BMW, IAG, RyanAir, Deutsche Post, Eurotunnel, Publicis, Philips, IHG, AXA, Prudential and UBS. (christopher.whittall@wsj.com)
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