European stock markets surge on growing US stimulus hopes
Stock markets surged Tuesday on optimism that lawmakers in Washington will hammer out a new stimulus package for the crippled American economy, while concerns about the US-China trade pact eased.
Approaching the half-way stage, London’s benchmark FTSE 100 index was up 2.5 percent.
In the eurozone, Frankfurt and Paris rallied 2.6 percent.
European indices took “their cues from a positive Asia session, as investors focus on the prospect of a fiscal stimulus deal from US political leaders…. wh…