The investment case for India is hard to argue with, according to analysts at Morgan Stanley — but they warn that upcoming elections with “potential binary outcomes sets the market up for volatility.”
India goes to the polls between April and May next year. Its last election in 2019 saw Prime Minister Narendra Modi win a second term by a landslide.
some of Morgan Stanley’s “focus list” of overweight stocks.
WED, DEC 6 202311:45 PM EST
European markets: Here are the opening calls
European markets are set to open lower Thursday.
The U.K.’s FTSE 100 index is expected to open 39 points lower at 7,489, Germany’s DAX down 67 points at 16,615, France’s CAC down 26 points at 7,414 and Italy’s FTSE MIB down 159 points at 30,163, according to data from IG.
Revised third quarter gross domestic product data for the euro zone is due Thursday, as well as third-quarter employment figures for the single currency area. German industrial output for October is also due.