BIS report says stock markets on uptrend

The world's financial and equities markets are heading higher, but the outlook for recovery remains uncertain with disturbing corporate and macroeconomic data, according to a Bank for International Settlements report released Monday.

The BIS, the central bank of central banks, said in its latest quarterly report that confidence began to return to the markets at the end of October after six months of mounting pessimism.

In the course of seven weeks over the past two months, shares began to rally

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