ECB Says Investors’ Gamble For Profit Could Backfire
The European Central Bank said on Wednesday that investors’ pursuit of higher profits could be generating new price bubbles, sounding the alarm as financial markets chase quick gains. In a strongly-worded message that underscored concerns in Frankfurt about the downside to runaway market enthusiasm, the ECB cautioned that the dash for higher returns could suddenly unravel, sending the investor herd charging in the opposite direction.
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