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Europe’s economy has little going for it. GDP growth is sluggish compared with much of the world, the continent lacks the AI giants of America and China (and data centres to support them), and its energy markets are vulnerable to wars and other disruptions. But, more than anywhere else in the world, Europe’s stock markets are not its economy, argues Buttonwood. Its shares deserve a lot more affection.
Nigel Farage hopes to weather a parliamentary investigation and reinvigorate the prospects of Reform UK, his party, by calling (and winning) a by-election. His stunt may yet backfire. And it is a sign that Mr Farage’s personal following is still Reform’s only trump card. | 
