Markets have enjoyed a sustained rally on low volatility caused, in part, by uncertainty about the outlook for fiscal policy. Financial conditions have loosened substantially, which has presented a window of opportunity for central banks to tighten policy. The dilemma for central banks is how quickly monetary policy accommodation can be removed against the backdrop of political uncertainty and below …

Call it the mystery of missing wage growth. The euro zone recovery is gathering pace, but there are no signs this spurt of activity is giving workers the pay rise they have been waiting for. Wages rose by a mere 1.6 percent at the end of last year. This is well below the historical average of 2.1 percent. This puzzle …

Bloomberg European equity investors were in a bullish mood as technology companies extended their winning streak, leading gains across almost all sectors. The dollar weakened a third day and Treasuries rose, neither with much conviction as traders tread water before the US interest rate decision. The Stoxx Europe 600 Index headed for the highest in more than a week as …