European stocks reach two-year high on Monday

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
European shares climbed to their two-year highs on Monday, driven by increased investor confidence in solid global economic growth and a boost in auto stocks.
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Mon, 08 Jan 2018 11:00:42 GMT

Reuters: CDU, SPD reach agreement on tax relief

According to Reuters, Merkel's Christian Democrats and the centre-left SPD have agreed to introduce a tax relief for high-income earners, thus being able to advance with coalition talks.

Mon, 08 Jan 2018 10:04:41 GMT

SPD wants to ease taxes for high earners

According to source familiar with the matter, the Social Democrats (SPD) together with German conservatives want to increase the plank for a maximum tax rate for people with high earnings to a yearly income of €60K.

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