Valuations have moved up but they have to be viewed in the context of the overall growth environment. Large-cap share valuations are at a relatively modest 10-15% premium to their historical averages.
European stocks hit a record high Friday, buoyed by defence and insurance sectors, ending the year on an optimistic note. The STOXX 600 index saw
Oil prices saw a slight uptick amid concerns over potential disruptions from a U.S. blockade of Venezuelan tankers. Markets are also keenly awaiting developments on
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