Norwegian oil fund fears market disconnection from real economy – Financial Times

Norwegian oil fund fears market disconnection from real economy – Financial Times

The world’s largest sovereign wealth has warned of the disconnect between financial markets and the real economy as US stocks set a new intraday high on Tuesday.

Supported by historically low interest rates, stock markets have rebounded fiercely from their lows in March when governments around the world imposed lockdowns to curb the spread of the coronavirus.

The rally in equities, boosted by…

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