BN 07/04 05:00 *FIDELITY'S THOMAS BALK IS INTERVIEWED IN LES ECHOS
BN 07/04 05:00 *FIDELITY'S BALK SAYS STOCKS, BONDS MAY HAVE RISEN TOO FAR
BN 07/04 05:00 *FIDELITY'S BALK SAYS STOCKS, BONDS MAY HAVE RISEN TOO FAR
Fidelity’s Balk Says Stocks, Bonds May Have Risen Too Far: Echos
2014-07-04 05:06:18.998 GMT
By David Whitehouse
July 4 (Bloomberg) -- Prospects for French debt are not
good, Thomas Balk, head of Fidelity Worldwide Investment, tells
Les Echos in an interview.
* France won’t go bankrupt but if interest rates were much
higher its financial position would be very tense, Balk
tells Echos
* France must “stop living on a cloud,” Balk says in the
interview
* Stocks and bonds generally have risen because of the actions
of central banks over recent years, but the advance may have
gone too far, Balk says.
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To contact the editor responsible for this story:
David Whitehouse at +33-1-5365-5059 or
dwhitehouse1@bloomberg.net
2014-07-04 05:06:18.998 GMT
By David Whitehouse
July 4 (Bloomberg) -- Prospects for French debt are not
good, Thomas Balk, head of Fidelity Worldwide Investment, tells
Les Echos in an interview.
* France won’t go bankrupt but if interest rates were much
higher its financial position would be very tense, Balk
tells Echos
* France must “stop living on a cloud,” Balk says in the
interview
* Stocks and bonds generally have risen because of the actions
of central banks over recent years, but the advance may have
gone too far, Balk says.
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
David Whitehouse at +33-1-5365-5059 or
dwhitehouse1@bloomberg.net