Morgan Stanley: It lowers energy in Europe and raises the bet on banks

Morgan Stanley's main message is that the market has begun to assess the reopening scenario of the Straits of Hormuz, but not fully - Why is energy downgraded, except for oil services

The gradual de-escalation of tension around the Straits of Hormuz again changes the map of investment options in Europe, with Morgan Stanley going on to adjust its strategy for European shares. The American house lowers the European energy industry to a neutral position, while maintaining and strengthening its positive position for banks.

Morgan Stanley's main message is that the market has begun to assess the reopening scenario of the Straits of Hormuz, but not fully. The shares considered most beneficial to deescalation have already overturned against the most negatively exposed securities, however the overall picture of the European market shows that the move is still at an initial stage. The market range is slowly improving, inputs to European shares remain limited and artificial intelligence still dominates the investment agenda.