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STORY: “We’re seeing sentiment start to improve in the UK and in China,” said Haworth. “You’re getting more stimulus out of these economies as well.”
“China in particular is doing interest rate cuts as well as some targeted stimulus, and you have the European Central Bank and the Bank of England both on cutting paths, while we have our Federal Reserve on hold,” he added. “All those things are really, we think, starting to help drive foreign stocks higher and narrow that gap that we saw emerge over the last couple of years.”
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