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Central bank largesse risks disappointing markets this year

Combined stimulus from the world's biggest central banks is likely to top $1.2 trillion this year, the highest amount since 2017, but it may well disappoint stock markets, which have surfed to successive record highs on the back of this tide of super-easy money.

Daily Briefing: New Year rally takes a pitstop

The record-breaking new year's surge for world stocks paused on Wednesday as investors awaited the signing in Washington later today of the U.S.-China Phase 1 trade deal, more fourth-quarter U.S. bank earnings and Chinese gross domestic product readings at the end of the week.

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