For all the thunder on the Bernie Sanders left, the most interesting trend in the Democratic campaign this year may be the reemergence of the moderate wing of the party, led by charismatic new voices, “Mayor Pete” Buttigieg and Sen. Amy Klobuchar. In our barbell view of politics, where all the weight seems to be at the two ends, this ...

An infection typically hits the vulnerable hardest — and in the new coronavirus outbreak this might apply economically too. For all the geographical distance between Europe and China, the euro zone has much to fear from its spread. The disease is another challenge to the export-driven model of the monetary union, which was already struggling with the global lurch towards ...

Last week’s shock resignation of Sajid Javid from his perch as UK chancellor of the exchequer is widely expected to facilitate a more profligate fiscal stance by the government. If the well-flagged increase in spending isn’t accompanied by higher taxes, bond yields could well head higher — especially if the Bank of England responds by adopting a more hawkish stance ...