European Stock Rally Ceded to Greece Not Dead for JPMorgan

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After optimism over a resolution of the Greek impasse sent stocks to their biggest weekly jump since January, investors got caught when Prime Minster Alexis Tsipras called for a referendum on austerity measures over the weekend.

European investors have had about enough of the second quarter after Greece’s meltdown sent equities to the worst plunge since 2011 on its second-to-last day.

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