Trading Floors Laud New European Era as Germany Set to Spend
- Stocks and the euro roared higher this week as bonds tumbled
- ‘It’s a really, really big deal for the euro:’ UBP’s Kinsella
German armed forces exercise near Pabrade, Lithuania.
Photographer: Sean Gallup/Getty ImagesAfter a week of historic shifts in European markets, investors are declaring it may be just the beginning.
Germany’s commitment to spend after a decades-long obsession with austerity spurred dramatic moves in pretty much every asset across the continent. The euro is on track for its best weekly run since 2009 and the DAX set an all-time high. Meanwhile, bond markets have plunged, with German 10-year notes set to close out the worst week since 1998.