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 …