The Fed Just Made Life Easier for European Governments, but Harder for European Exporters

The US Federal Reserve’s surprising decision to keep its foot on the monetary-stimulus pedal came yesterday when European markets were closed. Like everywhere else that woke up to the news from Washington, DC today, stocks in Europe posted strong gains. The regional Stoxx 600 index set a fresh five-year high, with gains across the board, particularly in Italy, Spain and […]