The member states of the European Union have reached a consensus on a joint declaration aimed at increasing the defense budget within the EU, supporting Germany’s initiative to relax its fiscal rules. Germany’s stock market index, the DAX, has reached an all-time high, while yields on the country’s government bonds have surged.

Source: https://www.euronews.com/business/2025/03/07/the-dax-hits-a-new-high-as-the-eu-summit-concludes-to-increase-defence-spending