Equities rebounded sharply from January’s declines, rising during February by 9.5% in euros and 7.7% in US dollars. Over the quarter to the end of February, equities are up by 18.6% in euros and by 13.4% in terms of the dollar. The market’s recent strength has been concentrated within the information technology, services, non-cyclical consumer goods and general industrial sectors; and the sharpest increases in growth stocks (and the largest declines in value stocks) have occurred within ...
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