German stocks lead European gains after Merz secures support for historic debt reform

European stocks saw a rally, led by German equities, after political parties in Germany agreed on increased state borrowing. The market saw significant gains, with sectors like European banks and industrial goods benefiting the most. However, ongoing uncertainties about tariffs and trade wars pose risks. Kering and Universal Music Group witnessed notable declines. European stocks saw a rally, led by German equities, after political parties in Germany agreed on increased state borrowing. The market saw significant gains, with sectors like European banks and industrial goods benefiting the most. However, ongoing uncertainties about tariffs and trade wars pose risks. Kering and Universal Music Group witnessed notable declines.  Economic Times