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The Boston Globe

Business

Foreign stocks gain, too, despite myriad threats

LONDON — US stocks are not alone in racing ahead this year. Many markets in Europe and Asia are trading at multi-year highs, too, in part because of Wall Street’s rally.

The advances in some places have been surprising, given paltry levels of economic growth around the world. Britain’s FTSE 100, for example, enjoyed its best January since 1989 with an increase of more than 6 percent even though the British economy has one foot in another recession.

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