There is some buzz following the German election about higher spending and the removal of the debt brake. CDU leader and (almost surely) incoming Chancellor Merz is now pouring some cold water on that, saying it’s ruled out in the “near future” to reform the debt brake. He called it a “complex task”.
The euro has stumbled on that. It could cool the DAX as well (which is at the highs at the moment).
This article was written by Adam Button at www.forexlive.com.
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