European stock futures and the euro saw gains on Monday following Germany’s election results, which produced a mainstream outcome.
Positive Market Movement Across Europe
DAX futures surged by 1.2%, while the euro rose by 0.44% to $1.0507, nearing its January high of $1.0535. EUROSTOXX 50 futures increased by 0.66%, and FTSE futures gained 0.1%.
German Election Results Boost Sentiment
Germany’s conservative leader, Friedrich Merz, emerged victorious in the election. While he still needs to form a coalition government, it remains unclear whether he will require one or two coalition partners. The process may take time and involve extensive negotiations.
Wall Street Futures and Nvidia Earnings
On Wall Street, futures also gained, fueled by optimism ahead of Nvidia’s earnings report. Investors are hopeful that results from the AI powerhouse will support the high valuations in the tech sector.
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