European stocks are likely to open higher on Wednesday after the White House unveiled a $916 billion Covid-19 relief bill in a final dash to break a months-long logjam over new aid for the coronavirus-stricken U.S. economy.
In a statement on Twitter, Treasury Secretary Steven Mnuchin said he had talked the plan over with Republican leaders as well as Trump and the new proposal includes "money for state and local governments and robust liability protections for businesses, schools and universities."
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