Barclays Bank’s UK headquarters in Canary Wharf, London. Matt Crossick/PA Images via Getty Images European equities are better positioned than their U.S. counterparts for a prospective recovery from the coronavirus downturn, according to Barclays. […] “The COVID-19 outbreak in the U.S. has caught up with Europe, and despite sizable fiscal stimulus, the welfare system in the U.S. might provide less cushion to the private sector compared to Europe,” Barclays Head of European Equity Strategy Emmanuel Cau said. […] European equities have underperformed the U.S. so far this year, which Cau and his team attributed both to weaker economic and fiscal fundamentals in the region’s major economies, and to their increased volatility in relation to the rest of the market. […] With U.S. buybacks cooling off and limits in place for American companies taking government loans, their advantage over European diminishes in this regard.
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