US jobs rise no boost to EU stocks

EUROPE’S longest stock-market rally since the bull market peak in 2000 has sputtered during the past month, and an unexpected rise in US employment may not be enough to revive the advance.

Morgan Stanley told clients last week to pare European equity holdings and to sell shares such as ASML Holding NV.

Merrill Lynch & Co predicted the region’s stocks will “grind lower” and suggested that investors avoid computer-related companies. Deutsche Bank AG advised investors to steer away from economically sensitive stocks.