The swift progress of the war against Iraq has recently raised investor optimism that an early end...
The swift progress of the war against Iraq has recently raised investor optimism that an early end to the conflict could reduce uncertainties over the health of the global economy. As a result, global equity markets recovered as sharply as they had fallen in January when increasing political tension fuelled concerns over plummeting consumer and business confidence. However, whether this rally will continue beyond what we have seen so far depends on the progress of the war and on an underlying improvement in the world economy. In fact, global equities are likely to remain host...
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