What lies behind the dramatic shift in markets

Read more at Financial Times
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European stocks have crushed the U.S. — now a big bank is shifting its view
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More from Financial Times
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Ukraine says it is willing to accept 30-day US-brokered ceasefire
Washington says it will ‘immediately’ restore intelligence sharing and military aid after Kyiv accepts proposalFinancial Times - 22m -
Wall Street loses hope in a ‘Trump put’ for markets
US president’s tolerance for tariff-induced stock falls may be higher than anticipated, say investorsFinancial Times - 2h -
Wall Street loses hope in a ‘Trump put’ for markets
US president’s tolerance for tariff-induced stock falls may be higher than anticipated, say investorsFinancial Times - 2h -
How Europe can take up America’s mantle
The continent is an economic superpower but it now has to mobilise in defence of democracyFinancial Times - 2h -
Elon Musk’s self-destruction
The cost for Donald Trump of keeping the world’s richest man by his side is growingFinancial Times - 7h
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