[Morgan Stanley Strategist: European profit growth has almost caught up with the United States] On November 9th, Morgan Stanley strategists said that the profit growth of European companies accelerated this quarter, almost catching up with the United States, and there are further signals that the earnings season performance is stronger than expected. The team headed by Regiane Yamagata wrote in a research report that the current year-on-year profit growth reached 28%, compared with 30% in the United States; the financial reports of listed companies prompted analysts to continue to raise profit expectations. The weighted bias for the proportion of stocks exceeding expectations is 28%, and the bias for upward revisions to forward profit forecasts is 8%. After the financial report was released, the technology hardware, public utilities, and high-performance computing sectors had the largest profit increase; the semiconductor and technology hardware sectors were also the main force in the profit revision.