FT News Briefing German voters shift to the right in Sunday’s elections
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Feb 24, 2025 Germany's elections saw a surprising shift, with the center-right Christian Democrats and far-right Alternative for Deutschland making notable gains. Meanwhile, U.S. stocks plunged amid economic concerns, raising questions about investor confidence. Trade talks between the UK and India are making a comeback, aiming to boost investment. On another front, China has cut its holdings of U.S. Treasuries to a 14-year low, adding complexity to global economic dynamics. In Brazil, rising coffee prices spark discontent among consumers, correlating with inflation fears.
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German Election Results
- The CDU won the most votes in Germany's federal election, but needs a coalition partner.
- Merz will likely partner with the Social Democrats, after rejecting the AFD, despite their strong showing.
US Stock Market Slump
- US stocks had their worst day in two months due to concerning economic data.
- This slump challenges the narrative of a post-Trump election market boom.
S&P 500 Decline
- The S&P 500's decline is the largest in two months, raising concerns.
- Despite a recent record high, the overall gains since Trump's inauguration are minimal.