BlackRock upgrades Europe stocks on economic restart, warns of U.S. risks

LONDON (Reuters) - Europe's efforts to kickstart economies hit by COVID-19 has prompted BlackRock Investment Institute to upgrade its view on European stocks to "overweight", while warning of a risk that the U.S. policy response could be scaled back too soon."The region (Europe) is exposed to a cyclical upside as the economy restarts, against a backdrop of solid public health measures and a galvanizing policy response," BlackRock, the world's largest asset manager, said in its mid-year..