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Winning a major sporting tournament gives any country’s national pride a shot of adrenalin, but it can also be a significant boost for its economy. Countries winning the football World Cup can expect to their stock index to outperform global indices by as much as 3.5 percent in the following month, according to Goldman Sachs. In the trading pit as on the pitch, however, there’s no glory in second place – seven out of the nine defeated finalists in the study underperformed by 5.6% over the next quarter. With fans of the oval ball glued to their screens as the […]
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