A boost in European stocks and tumbling bond prices followed Germany’s plan to allocate hundreds of billions of euros for defense and infrastructure. The euro surged as defense stocks like Rheinmetall AG and Saab AB rallied, contributing to a 1% increase in the Stoxx 600 gauge. US Commerce Secretary Howard Lutnick hinted at a potential compromise on tariffs, supporting gains in Wall Street’s equity futures. Despite this, ten-year Treasuries remained steady, while the dollar saw a decline.
Source: https://www.bloomberg.com/news/articles/2025-03-04/stock-market-today-dow-s-p-live-updates