European stocks rose Wednesday amid renewed optimism in Germany, the continent’s largest economy. The German Ifo business-climate index, a closely watched survey of business sentiment, rose for a third consecutive month in April and also beat economists’ expectations. Germany’s DAX Index rose 0.2% in morning trading and is now 8.5% up in 2024, outperforming the pan-European Stoxx 600’s 6% rise over the same period.
Traders were fuelled by hopes of interest rate cuts and easing geopolitical tensions.
Tesla is the stock to watch as it reports earnings after the bell on Monday.