Stocks climbed on Friday after a choppy week of trading amid a bond-market rally and hopes of new economic stimulus across Europe. German news-magazine Der Spiegel reported Germany plans to engage in deficit spending should the country fall into a recession, while an official from the European Central Bank recently said monetary stimulus in the region would exceed expectations. Bonds yields rebounded from a buying spree on Thursday, with the yield on 30-year Treasuries bouncing back after falling below 2% for the first time. Visit the Markets Insider homepage for more stories. Stocks rose on Friday after a turbulent week of trading as the potential of new economic stimulus across Europe slowed a torrid bond-market rally. The yield on 30-year Treasurys recovered from a historic low after falling below 2% on Thursday. Der Spiegel, a German news magazine, reported Germany plans to use deficit spending to boost growth in the event of a recession. The nation said earlier this week that its economy shrank 1% in the second quarter, adding onto existing concerns of a global economic slowdown.
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