The DAX and euro rise ahead of Germany’s parliamentary vote on a major spending bill
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Euronews.com
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The German stock market and euro are rising ahead of a parliamentary vote on a major spending bill proposed by Chancellor-in-waiting Friedrich Merz, allowing Germany to spend beyond 1% of GDP for defense and create a €500 billion infrastructure fund. Merz reached an agreement with the Green party, clearing a key hurdle for the bill's passage. Defence stocks have surged following US President Trump's peace talks with Russia, prompting the EU to increase defense spending. The euro has strengthened against the dollar amid optimism about European defense spending, while the US dollar weakens due to economic uncertainties. Teljes cikk (Euronews.com)