Switzerland, Spain top investing recommendations of Morgan Stanley



Having checked assets’ behaviour in November, Morgan Stanley analysts said Tuesday in an investor note that Europe has overpassed the US, with MSC Europe at +2.6 percent versus S&P 500 at +0.6 percent. The bank’s experts remarked that estimates on profits have improved in Europe to a point that suggests it will not lose further ground in the short and medium term.

As for Spain, Morgan Stanley explained that its “strategy advisers have highlighted Spain as one of the potential surprises in 2013, along other peripheral euro country members.” Spain has been upgraded on economy rankings to the second position–only behind Switzerland–, its best marks since the third quarter of 2009.

“We expect premium risk spreads between core euro countries’ sovereign bonds and peripherals’ to keep decreasing, even down to 155 basis points to 75 basis points if the European Central Bank activates the outright market transaction programme,” the report said.

France fell down to the 12 place, while Germany remained among the top five choices for investment.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

1 Comment on "Switzerland, Spain top investing recommendations of Morgan Stanley"

  1. Has anyone seen the problems in mainland Greece? Well you think that’s bad.Who ever this Morgan Stanley is hasn’t got a fu—- Clue

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