The United States and the European Union declared a “new phase” in relations in reaching a trade deal and putting brakes on escalating tension, with German leaders hailing the agreement as an important step that benefits both sides of the Atlantic.
The DAX, Germany’s blue-chip stock market index, jumped 1.8 percent the day after the announcement. European shares also climbed, rising to a six-week high. The pan-European STOXX 600 index rose almost 1 percent on the news.
