Markets are banking on the ‘Bliss trade’
A belief in resilience underwritten by big lasting state support is keeping stocks high
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US strikes 2 Iranian-flagged oil tankers as ceasefire comes under strain
Donald Trump says truce between Washington and Tehran still in effect after the two sides exchanged fire
UBS boss warns of European decline with ‘over-regulation across the board’
Sergio Ermotti tells FT it would take a ‘very profound and painful crisis’ to pressure politicians to take action
Gilts gain as Starmer clings on after local election wipeout
Despite heavy losses, investors say results do not represent ‘doomsday scenario’ for prime minister
U.S. payrolls increased 115,000 in April, more than expected; unemployment at 4.3%
Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.