Here’s why U.S. struggles with the coronavirus could lead to Europe’s stock market taking the lead
A growing number of prominent Wall Street institutions are making the prediction that 2020 will be the year for Europe’s stock market to outshine its U.S. counterpart as the coronavirus takes diverging tracks in the two economic powerhouses.
Even as the U.S. struggles to curb the deadly COVID-19 disease, the virus hasn’t seen a resurgence in the eurozone, influencing how money managers see their respective paths of recovery. Barclays, BlackRock and other banks are now advising investors to lift their holdings of European equities, sometimes at the expense of their...