German stocks lead European gains after Merz secures support for historic debt reform
European stocks rallied on Friday, with German equities leading gains after the country’s political parties agreed a historic deal to ramp up state borrowing. The pan-continental STOXX 600 climbed 1.1%. Germany’s benchmark index gained 1.9%, while mid-caps advanced 2.4%. Small-caps climbed 3.3%. Conservative chancellor-in-waiting Friedrich Merz said he had secured the crucial backing of the … Read more