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Markets Mixed as Rally Sputters

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World stock markets sought direction Wednesday as a monthslong rally sputtered and investors waited for clues from the U.S. Federal Reserve about the global recovery's strength, NY Times reports. European and Asian markets were invigorated Tuesday by the Asian Development Bank raising its growth forecasts for China and India, two of the region's biggest economies. Investors have piled into Asian equities this year but some analysts say the rally, fueled by loose monetary policy and government stimulus spending, has gotten ahead of economic reality.
SOURCE:   New York Times