Research Detail
| 2024/11/08 / Erste Group Research |
Markets react to snap elections in Germany On Thursday this week, Germany's Chancellor Olaf Scholz (SPD) dismissed his Finance Minister Lindner (FDP) following disagreements over the budget plan for 2025. This means that the German government coalition formed by the SPD, Greens and FDP has failed. Based on current surveys, Germany's next governing coalition will be led by the conservative CDU/CSU fraction. We and the financial markets expect a government led by the conservatives to pursue more economic and growth-friendly policies than under Olaf Scholz's government. Our Major Markets Special Report looks at the results of the US elections, initial market reactions and possible implications for various asset classes. The markets reacted very differently to the surprisingly clear victory of Donald Trump and to the results of the US congressional elections. |
 Download PDF (190kB)
|
General information
| Author | Erste Group Research |
| Date | 2024/11/08 |
| Language |  |
| Product name | Week ahead |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | Eurozone, United States |
| Currency in focus | Euro, US Dollar |
| Sector in focus | - |
| Download |
