Froth in stocks starts to bubble over after EUR 18.6 trillion rebound
As a sense of euphoria sweeps through global equity markets propelling stocks to regain EUR 18.6 trillion (USD 21 trillion) in value from a March low, the asset class is looking increasingly frothy.
BY Lianting Tu, Ishika Mookerjee and Abhishek Vishnoi / BLOOMBERG
While stock luminaries who had advocated for a bull zone look like winners in hindsight, the debate goes on about whether the rally is a bear market bounce, doomed to end. While Asia still looks set to end the day with a gain, stocks in Europe have turned lower, poised for the worst performance in more than a week.
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