In the German leading index, price gains can be identified after the election.
The DAX started with an increase of 0.82 percent to 22,470.68 points in Monday trading. The stock barometer is currently in plus. Hope for a change of policy in Germany inspires the market.
Bundestag election in focus
“The less bad news first: Germany receives a government that can end the long phase of weak political unwastiveness as soon as it has agreed on an agenda,” commented the chief economist from Berenberg Bank, Holger Schmieding.
If, in the previous week, there were still unclear majorities and possibly even a necessary triple alliance, it is now sufficient for a coalition with the SPD after the election Sunday. The new Bundestag has 630 seats – 316 seats are necessary for a majority. According to the preliminary result, the Union reaches 208 seats in the new parliament. The SPD won 120 mandates.
Growth impulses expected from a new federal government
Schmieding awaits growth impulses, less bureaucracy and lower tax burden for companies. “Now for bad news: Merz will probably be a chancellor without a large fiscal scope.” Because the political wings made of AfD and left can block it together in laws such as changes in the debt brake, for which a two -thirds majority is required.
IFO business climate index stagnates in February
In the meantime, the business climate in Germany did not brighten up in February, contrary to expectations. The IFO business climate index remained at the revised previous month of 85.2. In contrast, economists surveyed by Dow Jones Newswires forecast an increase to 85.7. For the time being, 85.1 points were reported for January. The index of the situation assessment decreased to 85.0 (revised 86.0) points. 86.3 points were expected, based on a preliminary January value of 86.1. The index of business expectations rose to 85.4 (revised 84.3) points. The forecast had been 85.1. For the time being, 84.2 points were reported for January.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires