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Much Of Europe Playing Catch Up With U.S. Recovery

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Reports set to be released next week on unemployment and Consumer Price Index numbers could provide greater insights:

In earnings news, the British-based pharmaceutical company AstraZeneca

Whereas in many cases, blue-collar workers may not have as many options. Many of them have lower salaries combined with limited opportunites and therefore feel the effects of inflation at a greater rate. So, while stocks could still rally as the economy strengthens, there’s obviously a group of people that areMuch of Europe has been rallying with the S&P 500 . The French CAC 40 and the United Kingdom’s FTSE 100 were also experiencing five-week win streaks.

Many European cities are already canceling their holiday celebration because of the rising number of COVID-19 cases. The World Health Organization reported a 10% increase in Europe over the last week. Many of the cases are coming from Russia and Eastern Europe.

 

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