European stocks are giving off a ’90s vibe, Morgan Stanley says, and it could set them on a path to 16% returns in 2024

European stocks are set to barrel ahead this year despite the continent’s anemic economy, and one of the world’s biggest banks is looking back to the ’90s to prove its confidence. Morgan Stanley says it is “bullish” on European equities, forecasting the MSCI Europe index to grow 11% this year.…

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