Morgan Stanley have revised their euro forecast

Market news

13 September 2011

Morgan Stanley have revised their euro forecast

MS' analistes have revised their euro forecast significantly lower and now expect the euro to declined to $1.30 by year-end and $1.25 in Q1 2012 (versus prior forecast of $1.36 and $1.38 respectively, before stabilizing in the second half of next year.

European stocks close: FTSE 5,174 +44.63 +0.87%, CAC 2,895 +40.12 +1.41%, DAX 5,166 +94.03 +1.85%.

Crude oil holds slightly below $90

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