Plans submitted by EU member states so far for spending a record 1.8 trillion euros to rebuild economies wrecked by COVID-19 fall short on reforms and must be improved, in the view of the European Commission, three diplomatic sources said.
Investor sentiment in Germany rose in January on improved expectations for exports, buoying the outlook for Europe's largest economy, the ZEW economic research institute said on Tuesday.
Italian Prime Minister Giuseppe Conte won a confidence vote in the upper house Senate on Tuesday allowing him to remain in office after a junior partner quit his coalition last week in the midst of the raging COVID pandemic.
Global equity benchmarks jumped and safe havens such as the dollar and U.S. Treasury bonds dipped Tuesday as investors expected Janet Yellen to use her Treasury Secretary confirmation speech to bolster the case for heavy fiscal stimulus.