BRUSSELS: Investors will shift focus this week from trouble spots such as Portugal’s biggest listed bank to a marathon testimony by the US Federal Reserve chair that could help chart a global path towards post-crisis “normalisation”.
Concerns over losses associated with the founding family of Banco Espirito Santo (BES) had threatened to rattle eurozone markets, but by Friday traders had decided that BES was unlikely to disrupt Portugal’s financial system or revive broader worries about the bloc’s weaker economies.
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