- Morgan Stanley published a research note on potential Strait of Hormuz reopening.
- The bank says European equities are the most sensitive to such an event.
- Sectors identified as beneficiaries: airlines, aerospace, construction, luxury goods, banks.
- Morgan Stanley remains overweight banks, semiconductors and capital goods.
- France's CAC 40 has the strongest positive correlation to reopening among European markets.
- Morgan Stanley released a research note stating that European equities are the most sensitive to a potential reopening of the Strait of Hormuz as US-Iran diplomacy advances. The bank identifies airlines, aerospace, construction, luxury goods and banks as the sectors most likely to benefit from a resolution. It maintains overweight ratings on banks, semiconductors and capital goods, and notes that France's CAC 40 has the strongest positive correlation to a reopening among European markets.
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