European Stock Boom Around The Corner, Says Morgan Stanley, Once Market Recognizes Value

Get ready for the European stock boom, predicts Morgan Stanley’s European Equity research team. Speaking from the land of negative interest rates and the heart of populist revolt, they say don’t worry much about the shape of the US yield curve as rates rise or other signs of concern from the interest rate markets. European banks in particular, they claim, are ready to outperform their US counterparts. If only the market would share this view and discover the value. The flattened yield curve is not cause for concern, rather it is the inversion that matters While some investors might think…