Germany’s CDU, SPD agree on major financial package

* Defence spending above 1% GDP excluded from debt brake
* States allowed to take loans of 0.35% state GDP
* €500 billion fund for infrastrucure and industrial investment

…and DAX is up 3.2% on this, up 12% year-to-date.

They’ll attempt to pass this in the old parliament, expect it to be challenged in court.