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SPD Votes to Start Coalition Talks With Merkel’s CDU

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Investors should not get too optimistic over the formation of the next German government, according to analysts, who believe the policies of the country’s lawmakers still remain very vague and there is still a chance that fresh elections will be needed.The Social Democratic Party (SPD) narrowly approved the start of formal coalition talks with Angela Merkel’s Christian Democrats on Sunday. This follows months of uncertainty after elections in September failed to produce an overall majority for any party.This caused a rise in stock markets on Monday morning, most notably on the German DAX, but Leopold Traugott, a policy analyst at Open Europe, told CNBC that the intentions of the next government are still far from being concrete.

Source: Germany election: breakthrough in push for new government – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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