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DBS: US Equities “scaling new heights” on market optimism

DBS believes that market optimism over US fiscal stimulus, along with robust US economic data, will continue to push US equities higher, but cautions investors that the US economy is nearing full capacity. The Singaporean lender points out that developed markets equities have posted a 1.82% gain over the past week, fuelled by strong momentum in the US, while the S&P 500…

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