The major European indices are closing the day higher after Germany passed their fiscal reform measures:
- German DAX, +1.03%
- France’s CAC, +0.5%
- UK’s FTSE 100, +0.29%
- Spain’s Ibex, +1.58%
- Italy’s FTSE MIB, +1.31%.
The German Bundestag has passed CDU/CSU’s fiscal reform, with 513 votes in favor and 207 against. The package now moves to the Bundesrat for ratification on Friday, where it is expected to pass.
This article was written by Greg Michalowski at www.forexlive.com.
