Bloomberg Once again, when stocks rally, it’s Europe that’s left behind. With the S&P 500 about 30% above its March lows, the Stoxx 600 index has lagged behind with a 21% bounce, despite having fallen more than the US in the global selloff sparked by the coronavirus pandemic. The reason? For starters, there’s the market’s makeup: Europe has a large …

Bloomberg Behind the big recovery in stocks has been a loose consortium of new and old buyers, each responding to a distinct storyline. Traders banking on the Federal Reserve, market novices bent on picking the bottom, and people convinced megacap tech is invincible. Whether they will be enough to sustain a lasting rally is the next urgent question for bulls, …

Bloomberg Sweden’s central bank may need to have some of its age-old laws changed if it’s to act on a pledge to do “whatever it takes” to save the economy. The Riksbank’s 352-year history gives it the distinction of being the world’s oldest central bank. But the legislation governing it has yet to catch up with the kind of policy …