FTSE 100 MARKET REACTION TO GERMAN ELECTION NEWS
The FTSE 100 (^FTSE) rose 0.2% at the start of the session, driven by gains for defence and aerospace company BAE Systems (BA.L), as news of the Christian Democrats' lead in the German elections took hold. The far right Alternative for Germany (AfD) party came second with 20.8% share of the vote. However, the CDU ruled out working in coalition with the AfD and will begin talks with the Social Democrats instead.
- This market reaction highlights the interconnectedness of global economic trends, where news from one major economy can quickly ripple across borders.
- How will the outcome of the German election impact Europe's regulatory environment for multinational corporations?