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INVESTMENT FOCUS-Among the shocks, steady global growth is the biggest surprise
[Reuters] - In a year of political shocks, the unexpected strength of the global economy going into 2017 may be the most enduring surprise for financial markets. Despite all the electoral upsets - Donald Trump's U.S. presidential victory plus referendums in Britain and Italy that have pushed both countries into deep uncertainty - economic data are consistently beating forecasts. Activity seems resistant to the surprises that once might have provoked major market drops, helped by huge sums that many central banks are still pumping into the financial system - and the prospect of government largesse in the United States where the Federal Reserve is reducing its stimulus.
INVESTMENT FOCUS-Among the shocks, steady global growth is the biggest surprise - Yahoo Finance
[Reuters] - In a year of political shocks, the unexpected strength of the global economy going into 2017 may be the most enduring surprise for financial markets. Despite all the electoral upsets - Donald Trump's U.S. presidential victory plus referendums in Britain and Italy that have pushed both countries into deep uncertainty - economic data are consistently beating forecasts. Activity seems resistant to the surprises that once might have provoked major market drops, helped by huge sums that many central banks are still pumping into the financial system - and the prospect of government largesse in the United States where the Federal Reserve is reducing its stimulus.
INVESTMENT FOCUS-Among the shocks, steady global growth is the biggest surprise - Yahoo Finance
