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The euro gained on Friday after German parties agreed on a fiscal deal that boosts defence spending and infrastructure. The dollar weakened against the euro but strengthened against the Swiss franc and the yen. U.S. inflation expectations rose, hinting at the Federal Reserve's cautious approach to rate cuts. The pound weakened as the British economy contracted.
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Oil prices increased by 1% on Friday, remaining nearly unchanged for the week. Investors considered the unlikely swift end of the Ukraine war, which could result in more Russian energy supplies returning to Western markets. There were concerns about global oil supply and demand, along with geopolitical tensions, that could impact future prices.
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News and Media
European stocks saw a rally, led by German equities, after political parties in Germany agreed on increased state borrowing. The market saw significant gains, with sectors like European banks and industrial goods benefiting the most. However, ongoing uncertainties about tariffs and trade wars pose risks. Kering and Universal Music Group witnessed notable declines.
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News and Media
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