Matthew Winkler A week before Britain votes on whether to leave the European Union, polls show that the public’s preference is too close to call. Financial markets provide a different view: a persistent expectation that the U.K. will remain. When markets and polls point in different directions, markets tend to be superior prognosticators. Will Britain Leave the EU? That’s ...

  A growing number of economists seem convinced that the U.S., European Union and China are all headed for a prolonged period of sluggish growth — secular stagnation, in the words of former Treasury Secretary Larry Summers. A close parallel would seem to be 1990s Japan. There, too, the bursting of debt-funded asset price bubbles gave way to multiple rounds ...

  BLOOMBERG Stocks advanced as markets took a respite from the steepest selloff in global equities since January before the Federal Reserve’s policy decision. The British pound rebounded from a two-month low, while Spanish and Italian bonds gained for the first time this week. The Stoxx Europe 600 Index climbed from the lowest since February and emerging markets rose for ...