German stock futures and euro rise after Merz election win
European stock futures rose slightly following the CDU/CSU's expected victory in Germany's election. The euro increased by 0.3% to $1.0493. Friedrich Merz, the new conservative leader, must now form a coalition government. Wall Street futures also gained, with S&P 500 futures up 0.4% and Nasdaq futures up 0.5%. Investors are awaiting Nvidia's earnings report, which could impact tech sector valuations after a recent decline. Concerns about inflation and tariffs continue to affect markets. The Federal Reserve's core inflation measure is expected to show a slowdown, but inflation expectations among consumers have risen. Treasury yields fell, impacting the dollar against the yen.