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European stocks climb as Germany extends COVID-19 relief package

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European stocks boosted by Germany's extension of pandemic relief programs

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.

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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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