India, March 5 -- European stocks rallied on Wednesday as German leaders agreed to loosen the country's so-called debt brake and China ramped up stimulus to guard its economy from changes 'unseen in a century.'
Investors were also reacting to comments from U.S. Commerce Secretary Howard Lutnick that President Donald Trump will "probably" announce a deal to reduce tariffs on Canada and Mexico.
The pan European STOXX 600 was up 1.3 percent at 558.09 after tumbling 2.1 percent and logging its worst day since August 2024 on Tuesday.
The German DAX surged 2.9 percent, France's CAC 40 gained 1.9 percent and the U.K.'s FTSE 100 was up 0.6 percent.
Construction firms and arms makers jumped in Germany as CDU leader Friedrich Merz unveiled plans ...