It would have been a pretty boring session in terms of data and news releases if it wasn't for German politics. Merz fell short of majority needed to become German chancellor in the first voting round.
He needed 316 votes to win a majority but didn't manage to reach that (only got 310 votes) even though the CDU/CSU/SPD coalition has 328 MPs.
The DAX reacted by selling off but eventually bottomed and started to recover the losses as AfD backed a new vote as early as Wednesday.
Another notable news was the Chinese State Council Information Office reporting that Chinese officials including the PBoC would hold a press conference tomorrow on financial policy package to stabilise market and expectations. Chinese stocks rallied on the news as expectations for a proper stimulus started to build.
The focus now switches to Trump-Carney meeting due at 11:45 ET/15:45 GMT and potential trade related headlines. There's no data release in the American session other than the 10y auction for those following them.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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