The German CDU and SPD have agreed on a solution with the Greens regarding the financial package, Handelsblatt and Greens' correspondent reported. Parties are rushing to secure a supermajority in parliament to approve sweeping constitutional amendments that would release defence spending from debt restrictions and set up a €500 billion fund for infrastructure investment (including €100 billion for the existing climate and transformation fund). At the moment, Rheinmetall (RHM.DE) is extending its upward momentum, while the BUND10Y slides lower.
Daily summary: Wall Street rebounds after the sell-off ๐ผ US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected ๐ US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%โฐ