Stocks – Europe Pushes Higher on Stimulus Agreement
European stock markets pushed firmly higher Wednesday, with investors breathing a sign of relief that U.S. policymakers have managed to come together to deliver a massive rescue package to bolster the country’s beleaguered economy. Shares in German conglomerate Thyssenkrupp (DE:TKAG) rose over 20% after saying it would cut 3,000 jobs at its steel unit by 2026, with no forced layoffs until March 31, 2026, as part of a wage deal struck with powerful labor union IG Metall.