Stakes Have Never Been Higher For Germany To Deliver On Spending

By Michael Msika, Bloomberg Markets Live reporter and strategist

The market has built high expectations for Germany’s fiscal spending. Anything other than success in a crunch vote in the country’s parliament tomorrow would be a major downside risk for stocks, while bond vigilantes are hovering.

Since German leaders agreed to hold elections in November, the DAX has been on a tear, surging 20% excluding dividends.