European Stocks Rebound on Germany Spending Plans, Tariff Hopes [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance
boosts coming from China's ambitious growth targets and signals that the Trump administration may walk back some trade tariff measures. Most Read from Bloomberg How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City Republican Mayor Braces for Tariffs: ‘We Didn't Budget for This' NYC's Finances Are Sinking With Gauge Falling to 11-Year Low US Tent Facility is Holding Migrant Families Longer Than Recommended Germany's DAX Index led Wednesday's gains, advancing 3.3% as of 12:15 p.m. in Frankfurt, after the chancellor in waiting, Friedrich Merz, unveiled the huge fiscal plan. The Stoxx Europe 600 Index gained 1.4%, while the construction and materials subindex hit a fresh record high. A UBS basket tracking German Fiscal Reform-sensitive stocks soared 8.9% to an all-time. Read: Germany Abandons Fiscal Shackles to Transform Europe's Defenses “The clear push from Chancellor-elect Merz for fiscal expansion in Germany is help
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