The value of shares of European companies may fall by 10% this summer, Morgan Stanley warns. It is caused by decrease in rates of economy growth and decrease in volume of liquidity in the market, the bank explained. His opinion leads agency "Prime" referring to Bloomberg.

Morgan Stanley expects further decline in global economic activity that will last for several quarters. Under these conditions, in his opinion, the European stock market will fall, which will be promoted by worsening of the situation with liquidity and disappointment of players with the state of the economy. If monetary policy continues to tighten, it will create additional difficulties. In the longer term, the bank believes the stock market will recover.

Monday the main indexes of Europe closed in the red - German DAX lost 0.54%, British FTSE 100 - 0.10%, French CAC 40 - 0.96%.