Euphoric European Markets Look to Leaders to Strike a Deal
- Leaders meet from Friday to discuss massive stimulus package
- Failure to show progress may derail euro-area outperformance
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As European Union leaders try to thrash out a deal for a 750 billion-euro ($854 billion) recovery fund over the next two and a bit days, the market rally will hang in the balance.
European stocks and bonds are benefiting from renewed investor popularity, largely on hopes that the bloc will seal a historic accord to underpin the economic recovery and bind the 27 nations more closely together.