Europe’s ‘Second Wave’ Coronavirus Spike Saps Optimism

Fresh fears over coronavirus spikes in Spain are sapping sentiment in Europe, and could be a harbinger of things to come in the U.S. this fall as the northeast becomes a hub to returning students from around the country. No one wants to see second waves. People are done with this virus. But the virus is not done with us. “The upsurge of infections in some euro area countries severely clouds confidence and the outlook, as restrictions are progressively being re-introduced,” says Ludovico Sapio, a Barclays economist in London.