Reported about 12 hours ago
Germany's new extensive spending plans are significantly impacting European markets, boosting equities and reviving the euro. Chancellor Friedrich Merz has committed to substantial investments in defense and infrastructure, leading to a sharp increase in the DAX index and a rally in related stocks. This shift marks a turning point for Germany, raising hopes for reform in EU fiscal rules amid current geopolitical tensions. As European stocks outperform their US counterparts, analysts predict a strong recovery for the euro, countering its recent dip, with growing investor confidence in the region.
Source: YAHOO