Prognosis
Europe’s Vaccine Missteps Alarm Stock Investors Around the World
Europe’s economy risks losing billions if governments don’t speed up vaccinations.
This article is for subscribers only.
Europe’s vaccine blunders are alarming some of the world’s top investors, who see economic growth imperiled by a slow pace of business reopenings.
While the region’s stocks are riding the global rally and faring well against the selloff in U.S. big tech, prolonged lockdowns threaten the economic recovery. Investors are taking notice. European equity funds have recorded three weeks of outflows, with Bank of America Corp. and BlackRock Investment Institute warning that the continued virus outbreak could hurt trading strategies in the single-currency bloc.