ECB’s González-Páramo questions market rally

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José Manuel González-Páramo, a member of the European Central Bank's executive board, has queried the recent rally in global stocks, implying that markets have reacted too favourably to recent data.

González-Páramo told Expansión, a Spanish newspaper, in an interview published Tuesday based on comments made last Thursday: "Excess is always bad, whether it's because of pessimism or optimism. We could be facing the latter at the moment in that [markets] have reacted too favourably to undoubtedly p

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