The euro and the German shares They upload this Monday, since investors optimism welcomed the electoral result in Germany, which puts centrist parties on the way to form a coalition, although optimism was attenuated by difficult potential negotiations on economic policy. European actions rise, while Wall Street futures also increase after a strong fall in the US on Friday.
Friedrich Merz was ready to become Germany’s next chancellor after the victory of his conservatives in Sunday’s national elections. Merz should be able to form a “great coalition” with the center -left social democratsalthough these fell to third place behind the ultra -right alternative for Germany.
“In the end (it was) a result close to the latest exit surveys and should be very favorable for the market,” said Peter Schaffrik, RBC Global Macro Capital Markets. The euro rose to a maximum of a month of $ 1,0528 before lowering slightly, quoting 0.22% higher by $ 1,0481.
“While Merz seems determined to soften the so -called debt brake, which limits annual indebtedness to 0.35% of GDP, it will not be simple, since it will need a two -thirds majority in Parliament,” said Susannah Streeter, head of Hargreaves Lansdown money and markets.
Meanwhile, the German Dax index rises 0.7% at the beginning of the day. The Stoxx 600 paneurpeo index increases 0.19%, although technological actions fell.
Conversations to form a coalition in Germany begin while EU leaders prepare to celebrate an extraordinary summit on March 6 to discuss additional support for Ukraine and how to finance European defense needs. This week marks three years since the beginning of the large -scale invasion of Russia in Ukraine.
Wall Street futures
In Wall Street, the futures of the S&P 500 and Nasdaq rose 0.6%. The Nasdaq fell 2.5% last week, its worst week in three months, with losses led by the seven large technological companies.
Wall Street suffered on Friday when a service survey showed an unexpected fall in the activity amid concerns about costs and cost pressures.
This setback increased expectations for NVIDIA results on Wednesday, where investors expect sales of 38.5 billion dollars for the fourth quarter and a guide of 42.5 billion for the first quarter.
The dollar index, which follows the behavior of the currency compared to six currencies, fell slightly to 106.48. The American currency rose 0.17% compared to Yen to 149.54, after having fallen last week due to the growing expectations of more rates increases by the Bank of Japan.
In raw material markets, gold remained well supported by $ 2,946, having risen for eight consecutive weeks. Oil, meanwhile, has gone in the opposite direction, promoted in part by the speculation that an eventual peace agreement on Ukraine could lead to the lifting of sanctions to Russia, which would increase its oil exports. The Brent remained flat at $ 74.37 a barrel, continuing with its price near its lowest level since the end of December.
Source: Ambito
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