European Stocks Are Complacent on Tariffs, Says Goldman’s Bell

The rally in European stocks suggests investors have been miscalculating the risks of US tariffs, according to Goldman Sachs Group Inc.’s Sharon Bell.

“There’s a little bit of an element of the market being perhaps a little bit too complacent in the very near term on the risks around all of this,” Bell, Goldman’s senior European equity strategist, said in a Bloomberg TV interview.