American economy

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.

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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…. while setting aside concerns about an escalation in US-China trade tensions”, noted Michael …