Choose country & language:

German elections 2021: Social Democrats barely won the federal elections

27/09/20211 min. read

The latest reports by economic analysts indicate that Social Democrats (SPD) managed to win the German federal elections. In particular, we are reading that: 

 

 

The German federal elections are completed! Social Democrats barely won the German Election. Technical analysts suggest: 

 

  • Germany's centre-left Social Democrats (SPD) managed to win the German federal elections, defeating the party of outgoing Chancellor Angela Merkel, based on the preliminary results.

 

  • The SPD secured 25.7% of the vote, while the ruling conservative CDU/CSU bloc gained 24.1%.

 

  • The EUR/USD pair was slightly changed after Sunday’s election (September 26), trading at 1.1722 on Monday, moderately above Friday’s low of 1.1700.

 

  • Germany's DAX futures are up 85 points (0.55%), while the cash market is currently estimated to open at 15,616.75.

 

  • The pan-European Stoxx 600 rose 0.4% in early trade, with oil and gas stocks adding 1.9% to lead gains while all sectors and major bourses entered positive territory.

 

  • U.K. energy stocks like BP will be watched, after panic buying during the weekend due to a truck driver shortage which left various gas stations in Britain without any fuel. BP shares gained 2.1% in early trade.

 

  • Gambling company Kindred Group fell 3.6%.

 

 

(Sources: bbc.com / cityindex.co.uk / dailyforex.com / cnbc.com)

Why TopFX

10-years

10-years

industry presence
as a Liquidity Provider

Spreads

Spreads
from 0.0 pips

and reliable execution

Segregated

Segregated

client funds

First-class

First-class

customer support

Open your Live Account in 3 Steps

Step 1

Fill in the registration
form and click
"Create account".

Step 2

Once you are in the client secure area, please proceed with uploading your Proof of Identity and Proof of Residence.

Step 3

When your live account is approved, you can deposit funds and start trading on your chosen platform!