(Bloomberg) — Stocks set a fresh four-month high in Europe and German equities erased losses for the year after leaders agreed on a landmark recovery plan.
Microsoft Corp., Tesla Inc. and Apple Inc. advanced in U.S. pre-market trading. S&P 500 Index equity futures pointed to more gains on Tuesday after a blistering rally that sent the Nasdaq 100 Index to its best gain in almost three months.
Markets across Europe have given a vote of confidence to the 750 billion-euro ($860 billion) stimulus package that also tightens the region’s financial ties. A gauge of risk in Europe’s investment-grade debt dropped to the lowest since February. The dollar fell with Treasuries. Silver extended its rally toward $21 an ounce.
Stocks are marching higher globally on the back of more government stimulus and a seemingly unstoppable advance in technology companies that benefit from online shopping during the pandemic.
The tech-heavy gauge is