Confucius: the man who broke the mountain was the same man who started ...
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ECB's Knot: stock market rally could be fuelled by recovery hopes
The continuing rise of stock markets worldwide could be the result of growing hopes of economic recovery, and does not necessarily mean that prices are overly inflated, European Central Bank governing council member Klaas Knot said on Sunday. “We definitely see high valuations,” the Dutch central bank governor said in an interview on Dutch public television. “Stock markets could be preempting the roll out of vaccines and the reopening of economies. We might be entering the roaring twenties, we don’t know. “Also interest rates are low, which is important for stock valuations and leads to higher stock ... (full story)