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Stock impact report

Europe rethinks its love affair with the US dollar [Wealth Professional (Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
US Commerce Secretary Howard Lutnick told executives in Davos that the Trump administration sees globalisation as “a failed policy” that left America behind, according to Bloomberg US President Donald Trump also predicted the US stock market would double from records he openly credits to his own policies. For investors, that mix of anti-globalisation rhetoric and market triumphalism is colliding with a simple reality: foreign capital, especially from Europe, has been a key pillar of US asset prices. According to Bloomberg , European investors hold about US$10.4tn in US stocks and account for 49 percent of all US equities owned by foreigners Scotiabank strategist Hugo Ste-Marie wrote that if diversification away from the US accelerates, it could weigh on US equities, bonds and the US dollar over time. Some of the biggest institutions say clients are already pushing in that direction. Vincent Mortier, chief investment officer at Amundi SA, which Bloomberg describes as Europ Show less Read more
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