The German stock market reached a new high as EU member states agreed to ease fiscal rules for defense spending, following Germany's push for policy reform. The agreement includes mobilizing €800 billion in special funds and potentially increasing defense spending to 3% of GDP. Chancellor Friedrich Merz plans to exceed 1% GDP for defense spending. The DAX index rose 1.47% amid optimism about economic recovery, driven by industrial and auto sectors, while bond yields surged, indicating investor demand for risk premiums. Teljes cikk (Euronews.com)