Recent gains in financial markets don’t adequately reflect dangers looming from higher sovereign debt and disrupted world trade, the Bank for International Settlements warned. Investors in both stocks and credit, cheered by prospects of government spending and lower borrowing costs, have driven buoyancy that might paint a brighter picture for the world than warranted, the Basel-based institution said. Most Read from Bloomberg “This very sanguine assessment seems to be disregarding some of the very real ...