Amid rally in global stocks, investors look to Europe - by Jeremy Gaunt
Europe will be a major focus of investors' attention this week as the European Central Bank and Bank of England meet separately to discuss interest rates against a backdrop of declining economic strength. With global equity markets rallying and worries about the credit crisis easing, signs that U.S. economic woes are contagious could easily dent tentative investor optimism. Global stocks as measured by the MSCI gained 5.31 percent in April. Perhaps surprisingly, this was the largest monthly gain since December 2003.
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