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Investors fear US cliff more than eurozone blowup

Leigh Powell
Sentiment on Europe rises, with investors reporting the largest divergence between US and European equity valuations in the history of the BoA Merrill fund manager survey.
Investors fear US cliff more than eurozone blowup

The European sovereign debt crisis is no longer identified as the top tail risk by investors for the first time since April 2011, having been overtaken by the US fiscal cliff.

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