Inflated stock prices may have been mistaken for growth-driven superiority
World ex-US funds have long been out of favour but have attracted $2.1bn in assets over past three months
WIG index up more than 28% this year as one of world’s top performing bourses, helped by Germany’s fiscal ‘bazooka’
Any trade agreement with China will not settle questions over the ongoing supremacy of US capital markets
Germany’s Dax index climbed to a record high on Friday, erasing losses from US tariff threats
Dax index becomes first major European benchmark to recover all losses sparked by US tariff threats
China says it is ‘evaluating’ recent overtures from Washington about starting tariff discussions
Investors fear Trump’s tariff blitz will lead to US stagflation while weak dollar adds to woes
Swiss lender’s market capitalisation has been hit harder by US tariffs than Spanish rival
Investors shift focus from fiscal stimulus to prospect of recession as indices give up gains
Also in this newsletter: Foot-and-mouth disease returns to central Europe
Asian and European indices and US futures fall in wake of worst week for Wall Street equities since pandemic
Ulf Kristersson calls for EU capital markets union to put halt to exodus of homegrown companies
Carmakers’ shares drop as Asian, European and North American countries respond to US president’s latest measures
Amundi to join flurry of ETF launches as once-shunned sector returns to favour
Milestone caps a 40% rally in past year for German software group
Control over Moscow’s blocked foreign reserves empowers the EU to shape how the Ukraine war ends
The very tight rein in all aspects of policy — fiscal, monetary and regulatory — is easing
Small traders have piled in to defence companies targeted by short sellers, in an echo of 2021’s GameStop trade
Region’s new growth story comes as US stumbles
Euronext’s plan to consolidate ETF trading on to one of its seven bourses would cut costs, senior executive says
Threat to global growth from Trump’s trade tariffs sparks ‘bull crash’ in fund manager sentiment
FT analysis finds that while liquidity usually improves, adding a New York listing does not always boost multiples or coverage
Stephan Leithner says EU should take advantage of investors switching into region’s markets away from US
Wall Street ending bruising week on front foot, but worries about economic impact of tariffs linger
