The euro jumped to a one-month high and stock futures charged ahead on Monday after Germany's conservatives won the national election as expected, with investors awaiting further results to see whether much-needed fiscal reform was likely.

The euro strengthened after the centre-right Christian Democrats (CDU/CSU) came first in Sunday’s election while the Germany’s stock futures also rose on the back of the results. The single currency gained 0.

The euro opened higher on Monday while stock futures were volatile as Germany's conservatives won the national election as expected, with investors awaiting further results to see whether much-needed fiscal reform was likely.