Morgan Stanley has downgraded European Banks to neutral as banks have decoupled from rising rates. S

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Morgan Stanley has downgraded European Banks to neutral as banks have decoupled from rising rates. Says risk-reward for Banks has deteriorated as Ukraine war has upended the European macro outlook from one of good growth w/moderate inflation to much weaker growth & high inflation h/t Holger Zschaepitz

Morgan Stanley has downgraded European Banks to neutral as banks have decoupled from rising rates. S

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