German parliament votes to approve €200 billion emergency rescue package

Market news

21 October 2022

German parliament votes to approve €200 billion emergency rescue package

German Parliament, as reported by Reuters, prepares to vote for the approval of a €200 billion emergency rescue package to tackle the energy crisis.

Market reaction:

The news pushes 10-year German bund yield to its highest since 2011. The shared currency, meanwhile, continues to lose ground and slides below mid-0.9700s, back closer to the weekly low amid the emergence of fresh US dollar buying.

Currencies. Daily history for Friday, October 21, 2022

Commodities. Daily history for Thursday, October 20, 2022

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