Reported about 19 hours ago
German bonds remained steady and stocks rose following a parliamentary decision that allows for significant spending on defense and infrastructure. The approved budget will end years of restraint, with the ten-year yield holding at 2.82%, even as markets predict potential long-term yield increases. This fiscal shift may lead to higher interest rates from the European Central Bank next year, while the euro has strengthened significantly. Defense and infrastructure stocks are expected to thrive as Germany aims to reclaim its role as Europe's growth engine.
Source: YAHOO