Morgan Stanley raises MSCI Europe's 2024 index target on AI boom, US 'soft landing' b

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The Wall-Street brokerage, which began the year with a 'bullish' view on broader European stocks, revised its index target to 2,230 from its prior estimate of 2,115. Traders are betting on a 63% probability of the U.S. Federal Reserve starting an interest rate cut in June, according to the CME FedWatch tool.