have Eurostonks finally found their rizz?

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After years in the toilet, European stocks are back. Trump is threatening to withdraw US security guarantees, Europe’s defence spending is ramping up, and the continent’s once-beleaguered industrial champions are newly energised. Also, meme stocks … Read more

Donald Trump imposes sanctions on Chinese companies over Iranian oil shipments

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US has imposed sanctions on two Chinese petrochemicals groups for allegedly importing Iranian crude oil, in the latest salvo of President Donald Trump’s “maximum pressure” campaign on the Islamic republic. The state … Read more

Yields up, (long-dated) borrowing down?

When interest rates are high people are supposed to think twice about borrowing. When they’re low, they’re supposed to be whipping out the metaphorical (or literal) credit card. This is the central idea underpinning central banks‘ monetary policy fiddling. Of course, central banks only set the short-term interest rate. Bond yields, while anchored by central … Read more