Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costs
Business live – German debt ‘bazooka’ rallies stocks and euro
European financial markets have rallied sharply and German borrowing costs have soared after the country’s prospective leaders announced a historic deal to loosen its “debt brake” rule to boost spending on defence.
The yield – in effect the interest rate – on 30-year German government bonds rose by about 25 basis points to 3.08% in its biggest daily increase since October 1998.
About Author
More Stories
Kenya tells tea factories to cut ties with Rainforest Alliance due to costs
Trump tariffs could wipe out European steel sector, senior industry figure says
The Trump-Musk feud shows danger of handing the keys of power to one person