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!

By using the Topfx.com website you agree to the use of Cookies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure. Show moreShow less