Euro, European stocks gain on hope of higher German spending under new govt | MarketTalk: What’s up today? | Swis

The euro and the European equity futures are in the green this Monday morning on hope of higher spending by the new German government which could tackle the economic weakness of past years. Across the Atlantic, things were looking pretty bad last Friday. The US stocks were hit by an ugly selloff on weaker-than-expected economic data and exploding inflation expectations. In fact, the US 5-10 year consumer inflation expectations hit the 3.5% mark – the highest since 1995 – on prospects of massive tariffs from Trump government and worsening trade relations with the rest of the world. This week, investors will watch Nvidia earnings and the US’ latest GDP and PCE updates. The US dollar index slipped below the 100-DMA despite the exploding inflation expectations and is about to test an important Fibonacci level, the 106 major retracement on September to January Trump rally. In energy, crude oil cleared the 100-DMA support without much pain and tumbled more than 3% on Friday. Listen to find out more!