European stocks surge as EU leaders agree on a 'shiny' $860 billion coronavirus recovery pact

European stocks surge as EU leaders agree on a 'shiny' $860 billion coronavirus recovery pact

Business Insider

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· *Global stocks rose on Tuesday as European Union leaders reached a breakthrough agreement on a "shiny" $860 billion recovery fund.*
· *Major continental European indexes surged, with the pan-European Stoxx 50 up 1.5%.*
· *Futures tied to the S&P 500 rose 0.7% following tech stocks leading the market higher on Monday.*
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