A new sentiment washed over investors immediately after the U.S. presidential election in November. Traders started to believe in a new narrative of reflation, a marked shift from the many months of talk about deflation and persistent slow economic growth. They piled into inflation-protected securities and bought riskier assets. They projected higher commodity prices because big economies were suddenly …

  The European Council, which includes leaders of EU member states, normally issues a consensus document at the end of each meeting. On Thursday, it failed to do so because one member — Polish Prime Minister Beata Szydlo — refused to approve it. The spat tells us something about the rocky future of a multispeed Europe. Szydlo’s snub had nothing …

  Bloomberg America’s labour market might not be as great yet as President Donald Trump wants, but by almost any measure, it’s gett- ing better. Employers added an above-forecast 235,000 positions in February, while measures of joblessness and under- employment improved, the Labor Department’s monthly report showed. Wage growth picked up and the share of prime-age Americans in the labor …