Reported about 7 hours ago
The election of the mainstream CDU/CSU conservatives in Germany has led to a positive market reaction, with DAX futures rising 1.4% and the euro reaching a one-month high. While conservative leader Friedrich Merz works to form a coalition government, analysts anticipate a straightforward alliance with the SPD as the best outcome. This political stability is seen as crucial in light of uncertainties surrounding U.S. foreign policy. Meanwhile, U.S. inflation expectations have surged, prompting caution from Federal Reserve officials ahead of critical economic reports.
Source: YAHOO