Revenues growth in Q1 above expectations: Morgan Stanley

Here are experts equity calls for the day on how the markets are expected to trade:

Ridham Desai, Morgan Stanley: Initial earnings data suggests revenue growth at 18%, which is 8% ahead of expectations. Ex-energy, revenue grew 23%, while earnings grew 26% (YoY), slightly ahead of Morgan Stanley estimates. Margin contraction is evident in 6 out of the 10 sectors.

Isabelle Job, Credit Agricole: The recent European Summit and few decisive advances on the sovereign debt crisis front will pave the way for a period of relative calm in global equities. This summer will largely be driven by the developments in the Eurozone and the scale of the slowdown that has been perceptible over the last few months in the US.