Expect further upside in equities: Morgan Stanley

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

Jonathan Garner, Morgan Stanley: EM equities have had a strong start to the year. Upside surprise in Chinese data and an improvement in the EU sovereign crisis acted as catalysts to the rally. We continue to expect further upside given the degree of under-valuation versus base case economic and earnings outlook. We continue to be Underweight India. Michael Hartnett, BofA ML: Investor sentiment perked up in January as stronger global growth expectations and hopes for new QE policies forced higher risk exposure. While sentiment is still cautious, fresh gains in the 3-month global equity rally are now more dependent on further good policy and profit news.