The Trader 

Market Outlook: Bavarian bombshell

The Trader

Chancellor Angela Merkel’s allies in Bavaria, the Christian Social Union, won just 37.3 per cent of the vote, only the second time it hasn’t won an absolute majority since 1962.  Bavarian premier Markus Soeder said, ‘’we accept the result with humility’’.  The party must now form a coalition, possibly with the Greens who came in second place, but probably not the far-right AfD who managed 10.7 per cent and seats in the state assembly for the first time.  Recall that Sweden, where the centre-ground also had a disastrous general election on the 9th September, still has no government and the Alliance bloc’s Ulf Kristersson over the weekend gave up trying to form one.

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