Morgan Stanley Goes Cold on European Stocks
- Bank doesn’t see a meaningful rebound in corporate earnings
- Technical signs like relative strength index look ‘elevated’
The Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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After sending European stocks surging to multi-year highs on trade optimism, investors may hit the brakes on the rally, according to Morgan Stanley.