German stocks climb but euro drops after vote

But the euro dropped after Chancellor Angela Merkel's "unconvincing election victory," as LCG analyst Jasper Lawler put it.

German stocks climb but euro drops after vote

World Bulletin / News Desk

Germany's main stock market rose Monday, as traders brushed off inroads made by the country's hard-right opposition party in a general election, focusing instead on a solid economic outlook.

"Angela Merkel's victory was so predictable that the strong performance of populists AfD drew all the attention," Lawler said.

A dent in German business confidence, as reported by the Ifo institute Monday, also dragged on the single currency, analysts said.

But they said overall, positive sentiment prevailed towards Europe's biggest economy.

Last Mod: 25 Eylül 2017, 17:38
Add Comment