This translation has been automatically generated and has not been verified for accuracy.A raft of major banks and fund managers have upgraded their view on global equities, with emerging-market stocks their top pick to benefit from signs of easing in the Sino-U.S. trade dispute.
Emerging-market equities were the most favoured pick, alongside U.S. large-cap equities, Schowitz said. Morgan Stanley also joined in, upgrading emerging-market equities to equal weight from underweight on a better global growth outlook outside the U.S., singling out South Korea which it upped to overweight.Morgan Stanley saw the biggest potential in markets with a clearer path to earnings growth, such as developing-market stocks and Japan, or a scope for multiple re-rating on falling political risks, such as Europe.
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