European stocks climb as Germany extends COVID-19 relief package

European stocks moved higher on Wednesday, as Germany extended its coronavirus stimulus package and investors awaited a key speech by Federal Reserve Chairman Jerome Powell.

The mood across Europe was slightly subdued, despite the S&P 500 SPX, +0.36% and the Nasdaq Composite COMP, +0.76% hitting fresh records on Wall Street late on Tuesday due to positive U.S.-China trade talks. China is also set to buy a record amount of soybeans from the U.S. in 2020 in a welcome sign the relationship between the world’s two largest economies is improving. U.S. stock futures YM00, +0.09% ES00, +0.15% NQ00, +0.34% were also mixed ahead of the open.

“Equities are unlikely to move too much until the speech is made, but afterwards we could see a sharp increase in trading activity on the markets as investors get a clearer picture of the Fed’s intentions,” he added.

This is a smile 😊

Germany does what whitehouse is incapable of doing through legislation. Past time for a change. voteblue2020 Vote for JoeBiden and SenKamalaHarris

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European stocks nudge higher as stimulus hopes outweigh virus woesEuropean stocks inched higher on Wednesday as hopes of additional stimulus for Germany and France outweighed worries about rising cases of COVID-19 across the continent. Virus fatigue hopefully setting in COVID19 ,hopefully the media catches on
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