Germany’s Bundestag to debate fiscal shift in special session

Elsewhere in financial markets, European shares are pushing cautiously higher, while the dollar is flat.

The UK’s FTSE 100 index has advanced by 37 points to 8,578, a 0.4% gain.

None of this has been guaranteed so far with the current draft bill.

New US tariffs, combined with escalating retaliatory measures, tilted macro risks to the downside. Recent oil demand data have underwhelmed, and growth estimates for the fourth quarter of 2024 and the first quarter of 2025 have been marginally downgraded.