Euro rises in early Asian trade after German conservatives win election ...Middle East

This is a summary, in very brief:

CDU/CSU secures 28.7% of votes, with far-right AfD at 19.8%, per ZDF projection.Markets await coalition formation to gauge fiscal reform prospects.Market-friendly coalitions possible, including CDU-SPD-Greens.AfD's weaker-than-expected result.Key focus on Germany’s "debt brake", blamed for economic stagnation.Limited scope for reform seen, but rising defence spending pressures expectations.Election result impacts European defence funding outlook.Debt brake reform could boost euro and eurozone stocks.FDP’s uncertain parliamentary entry may affect coalition talks.Outcome determines whether CDU-SPD coalition suffices or Greens/FDP needed.Coalition negotiations could delay reforms and add market uncertainty.

EUR/USD is up a little on the result, hopes up for better economic prospects.

This article was written by Eamonn Sheridan at www.forexlive.com.

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