The German share price index DAX graph is pictured at the stock exchange in Frankfurt. ― Reuters pic
EU summit Chairman Charles Michel presented the final plan as a “pivotal” moment to dispel doubts about the bloc's future. “It's a significant step towards a more integrated and united Europe, which should boost the region's appeal to global investors and facilitate its re-rating,” said Barclays' head of European equity strategy Emmanuel Cau.
With the EU recovery plan sealed, investors will now focus on further US stimulus after US$3 trillion was injected earlier this year. They are ignoring stretched valuations or buying 10-year debt instruments with negative yields, he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: