German parties agree on minimum wage of 12 euros – Reuters

In talking points delivered to senior officials, German coalition partners have noted that they agreed to increase the minimum wage to 12 euros/hour. 

Additional takeaways

"Agreed to lower minimum voting age to 16."

"Will build 400,000 new apartments a year."

"Will seek to limit rent increases."

"Want to increase R&D funding to 3.5% of GDP."

"Overcoming coronavirus pandemic will be the first, most important job of coalition."

"Ruled out increasing pension age."

Market reaction

These remarks don't seem to be having a noticeable impact on market sentiment. As of writing, Germany's DAX Index was down 0.57% on the day. Meanwhile, the EUR/USD pair continues to trade in the negative territory around 1.1220.