So why do so many of Wall Street's investment strategists believe that European markets will keep climbing? Bank of America predicts Europe's economy will recover later this year and push stock markets up more than 10 percent. Morgan Stanley's London-based investment team says European stocks could rise as much as 13 percent and now favor Europe over the U.S.One reason is that companies can thrive even when people at home curb their spending. Adidas and Bayer, for instance, lean more on customers in China and other countries with faster-growing economies than on customers in Bonn and Berlin. So analysts expect that as China picks up speed and the U.S. economy recovers, their sales will increase even if Europe remains stuck in a recession.
Can Europe's Markets Climb Through The Slump?
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