Daily News | Big coalition in Germany

The first big news we’d like to present at the start of this week’s reviews comes from Germany. On Friday Angela Merkel lost the support of Free Democrats and Greens, but it now looks like we are about to see a big coalition in Germany. Social Democrats (SPD) have decided to negotiate with leaders of the German conservative party. As we all know, Germany is the biggest European economy and in the terms of fundamental analysis it can be very important to keep an eye on the political situation in that country. A big coalition in Germany could mean political stability. This is very important, especially if we have in mind that there are some important topics yet to be discussed, such as the eurozone reform and Brexit. Some think, on the other hand, that the conservatives should, instead of chasing this big coalition, make a minority government.

Besides the situation in Germany, we’d like to highlight some interesting market movements. It’s good to know that Shanghai shares fell 0.9 percent, reaching a three-month low. Japan’s Nikkei fell 0.3 percent and South Korea’s KOSPI fell 1.4 percent. The greenback’s index against six major currencies is 92.805, which isn’t too far from its two-month low.

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Author: Max Rothstein
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