Merkel Loses Power

Chancellor Angela Merkel’s conservatives lost power in a regional stronghold on Sunday, with early poll results showing the Greens, buoyed by Japan’s nuclear crisis, surging to their first state premiership.

In Baden-Wuerttemberg state, where anti-nuclear sentiment has been mobilised by Japan’s nuclear breakdown, the Greens and Social Democrats (SPD) were set to win 47.3 percent, eclipsing the Christian Democrats who held power there for six decades.

Merkel’s CDU and their Free Democrat coalition partners, big backers of nuclear power, won a combined 44.3 percent, according to projections at 1800 GMT in the state of 11 million people.

Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell