BUZZ-Miners: Morgan Stanley grows bullish on China exposure

** Basic resources easily the top performing sector across Europe, up 4.1%, as Morgan Stanley (Xetra: 885836 - news) upgrades European miners to "overweight"

** Move to miners part of MS's call for investors to raise exposure to EMs/commodities on more stable data from China, attractive relative valuations and likely inflection in macro-economic sentiment

** Anglo American (LSE: AAL.L - news) & Rio Tinto lead with respective gains of 8.4% & 5.9%

** MS says moving mining to overweight as this area of market at epicentre of China concerns and where investor exposure is arguably at its lowest

** MS upgrades Anglo American -- second worst performing stock in sector YTD (behind Glencore (Amsterdam: GX8.AS - news) ) down c50% -- to "equal weight" from "underweight"; lifts both Rio Tinto (LSE: RIO.L - news) & BHP Billiton to "overweight" v "equal-weight"

** Prices of copper, aluminium and nickel up in morning trade on Wednesday

(RM (LSE: RM.L - news) :esha.vaish.thomsonreuters.com@reuters.net)