Markets start week with gains after German elections - NewsBreak

While last week started with stock markets being shaken by the Evergrande situation which saw global indices dropping to multi-month lows, this week is starting with some upward moves after the SPD party secured a win in the German federal elections. Despite positive sentiment in markets, this was the most likely outcome and didnt come as much of a shock to investors who will be looking towards this week's central bankers for further indication of potential monetary policy changes. While the Euro continues to pull back, it will be important to see if today's speeches will support the single market currency or if it will push past recent lows, a move which would see it drop to the lowest level since mid-August.