German Chancellor Angela Merkel addresses a joint press conference with Serbia's President (unseen) following their talks at the Chancellery in Berlin on February 27, 2018. / AFP / Tobias SCHWARZ
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The revival of Germany's grand coalition should aid stability and keep the euro zone's plans for tighter fiscal union on track, investors and analysts said as months of political uncertainty ended Sunday.Financial markets won't be open in any meaningful sense until Asian trading begins around 1000 GMT, but the initial reaction from investors suggested the German deal should support the euro, stock and bond markets."I am surprised how little risk the market is pricing from this," Cesar Perez Ruiz said, chief investment officer at Pictet Wealth Management.That gap between Italian and German yields could shrink a little further with a center-right alliance, though there would be a heavy sell-off in Italian markets if the most anti-European parties were part of any new government, he added.
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