Investing
‘Mother of All Recoveries’ Ignites Bullish Trades Across Europe
- Analysts race to boost profit estimates as recovery takes hold
- Stocks hit a record and the euro capped its best week of 2021
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Europe’s vaccine campaign may be beset with delays, communication blunders and missteps, but in markets at least investors are united in wagering that the pandemic is on the way out.
Stocks in the region have vaulted back to records, and the euro capped its best week against the dollar so far this year. A big turnaround in projected profits for corporate Europe shows a brewing recovery in the investment and consumption cycle.