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BlackRock says it’s warming up to Europe, which it says may outgrow the U.S. in second half of the year

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Fund management giant BlackRock said it is warming up to the European response to the coronavirus outbreak, saying an “impressive array” of fiscal and monetary measures will bridge the economy through the response.

The fund manager is maintaining its overweight in European peripheral government bonds and is considering an upgrade to European equities, according to Elga Bartsch, head of macro research at BlackRock Investment Institute. Europe may outgrow the U.S. in the second half of the year.

While lockdowns started earlier than in the U.S. and were more severe, mobility in Europe is now roughly the same, Bartsch said, citing Google
GOOG,



Source marketwatch.com

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