Europe rallies as german election outcome boosts sentiment
Press Hub UCapital
Share:
German election relief drives dax futures higher
Markets are reacting positively to the german election outcome, with Frederick Merz set to become chancellor and coalition talks looking less chaotic than expected blue-chip dax futures are up 1%, while Midcap MDAX futures gained 1.24% after the dax hit an all-time peak last week before pulling back ahead of the vote.
Euro strengthens as political uncertainty fades
The euro is up 0.4% against the dollar and 0.2% against the pound, reflecting renewed confidence in Europe’s largest economy safe-haven bond prices are slightly down, with the 10-year bund yield rising 2.5 basis points to 2.48%.
Merger & acquisition activity fuels equity optimism
Dutch technology investor prosus (PRX) announced plans to acquire Just Eat takeaway.com (TKWY), aiming to create a "european tech champion" in food delivery Just Eat shares are expected to open 50% higher, while competitors may also see sympathetic gains in another major deal, italian oil services firm Saipem (SPM) will merge with norwegian rival Subsea 7 (SUBC) in a $4.63 billion transaction, strengthening europe’s energy sector consolidation.
Trading outlook
Germany’s dax remains well-supported, with further upside likely if Merz secures a stable coalition the euro could extend gains if political clarity boosts investor sentiment, while merger news in tech and energy may drive sector-wide rallies.
Markets are reacting positively to the german election outcome, with Frederick Merz set to become chancellor and coalition talks looking less chaotic than expected blue-chip dax futures are up 1%, while Midcap MDAX futures gained 1.24% after the dax hit an all-time peak last week before pulling back ahead of the vote.
Euro strengthens as political uncertainty fades
The euro is up 0.4% against the dollar and 0.2% against the pound, reflecting renewed confidence in Europe’s largest economy safe-haven bond prices are slightly down, with the 10-year bund yield rising 2.5 basis points to 2.48%.
Merger & acquisition activity fuels equity optimism
Dutch technology investor prosus (PRX) announced plans to acquire Just Eat takeaway.com (TKWY), aiming to create a "european tech champion" in food delivery Just Eat shares are expected to open 50% higher, while competitors may also see sympathetic gains in another major deal, italian oil services firm Saipem (SPM) will merge with norwegian rival Subsea 7 (SUBC) in a $4.63 billion transaction, strengthening europe’s energy sector consolidation.
Trading outlook
Germany’s dax remains well-supported, with further upside likely if Merz secures a stable coalition the euro could extend gains if political clarity boosts investor sentiment, while merger news in tech and energy may drive sector-wide rallies.