BlackRock upgrades European stocks to 'overweight' on economic restart

LONDON (Reuters) - The BlackRock Investment Institute said on Monday it has upgraded European equities to "overweight", with the region poised to benefit from economies restarting after the coronavirus-inflicted shutdown. "The region is exposed to a cyclical upside as the economy restarts, against a backdrop of solid public health measures and a galvanizing policy response," BlackRock said in its mid-year outlook. BlackRock also downgraded U.S. equities to "neutral" citing risks of fading..