Market Talk – October 17, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 269.11 points or -0.69% to 38,911.19 • Shanghai decreased 33.56 points or -1.05% to 3,169.38 [...]
Germany – Trying to Form a Government Won’t Be Easy
Trying to form a government in Germany is not so easy. Green leader, Simone Peter, says they and the FDP agree with Merkel that there should be no limit to refugees. He said” “In a coalition with us, there will be no upper limit for refugees, just as with the CDU and FDP. The CSU has to adjust to this if it wants to seriously question Jamaica,” he told the Rheinische Post.
The CSU, normally the sister party of the CDU in Bavaria, saw what they lost to the AfD. Even Merkel is vowing to bring back the right into the fold.
Meanwhile, the 75-year-old former Minister of Finance Wolfgang Schäuble (CDU) is to become the new Bundestag president. The Bild newspaper reports that Schäuble has already given his consent to his departure as Finance Minister. Schäuble would therefore not be in charge of finances in the new government. He has been the federal finance minister since 2009. As the Bundestag President, Schäuble would not participate in the coalition negotiations.
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