Morning Scan: Markets Too Euphoric: BIS; BNP Details Emerge

Receiving Wide Coverage ...

Buoyant Markets Worry BIS: The financial markets are "euphoric" despite uncertain economic and geopolitical outlooks and that worries the Bank for International Settlements, according to its annual report Sunday. The BIS finds the "buoyancy" in the markets "puzzling," according to the Wall Street Journal. And we all know what that means. Any time there are headlines or stories about things like "irrational exuberance" in the markets, it means financial officials are worried...