Germany is heading for turbulence

German stocks rose in September as Chancellor Angela Merkel’s centre-right CDU party looked on course to secure a fourth term in office. But once she had won, they slipped.

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Victory for Merkel now she must build a colourful coalition
(Image credit: Credit: dpa picture alliance / Alamy Stock Photo)

It was a classic case of "buy the rumour, sell the fact". German stocks rose in September as Chancellor Angela Merkel's centre-right CDU party looked on course to secure a fourth term in office. But once she had won, they slipped.The CDU undershot expectations, implying a period of "unstable government", says Olaf Storbeck on Breakingviews. Merkel will have to govern with the free-market Liberals (FDP) and the leftist Greens. "The colourful coalition's life expectancy is open to question."

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.