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How badly will Europe's third wave stymie its recovery?


How badly will Europe’s third wave stymie its recovery?
Euro Stoxx 50 has outpaced the S&P 500 and FTSE All Share over the last month
Europe appears to be firmly in the grip of a ‘third wave’. Rising case numbers and a slow vaccine rollout have forced politicians to implement new lockdowns. Even where lockdowns haven’t been imposed, citizens have started to take things into their own hands and stay at home. This puts the region’s nascent economic recovery in peril.
Could this change the mood in equity markets?
The eurozone economy had been recovering. The most recent PMI data showed manufacturing output growth accelerating to its highest level since records began in 1997. The upturn has been led by a surge in Germany’s factory production, though France has also seen the fastest production growth since January 2018. ....

Colin Moore , Gareth Rudd , Euro Stoxx , Threadneedle Investments , Chelverton European Select , கொலின் மூர் , கரேத் முரட்டுத்தனம் ,