🇬🇷The main momentum trade in Europe is Greek and Polish banks.

Greece's financial position is now so strong that index providers FTSE and STOXX moved Greece to developed markets, and MSCI will do the same next year.

Morgan Stanley notes that this is a catalyst for further market growth. Funds will make about $0.9bn of passive buying, almost all of it in four banks: National Bank of Greece, Eurobank, Piraeus, Alpha Bank.