DAX futures and euro rise in Asia after German election results

Germany's stock index futures and the euro rose in Asian trading after opposition leader Friedrich Merz won the federal election. This outcome aligns with polls and suggests a shift towards increased government spending. DAX futures increased by 1.5%, recovering from early losses. The euro strengthened by 0.7% against the dollar, driven by expectations of a swift government formation by Merz. Market analysts view the election result as a sign of political stability and potential fiscal expansion, which could benefit the economy. The Bloomberg Dollar Spot Index fell 0.3%, impacting other Asian currencies.