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Following the state election in Saxony-Anhalt, leading CDU politicians have ruled out a debate about party leader Friedrich Merz. They instead call for an acceleration of the federal government's reform course. SPD politicians criticized the course and Merz's rhetoric.
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The CDU in Saxony-Anhalt faces a decision on future coalitions following the election. The question is whether the party will continue to cooperate with The Left.
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International politicians expressed concern over the AfD's success in the Saxony-Anhalt election. French Finance Minister Lescure called the result a "very, very disturbing signal" amid a global populist wave. Polish Foreign Minister Sikorski and Italian Lega leader Salvini also congratulated the AfD.
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The DAX began weakly, weighed down by concerns over the outcome of the state election in Saxony-Anhalt and rising oil prices. German production fell in July, while the ECB anticipates an interest rate hike.
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In the Saxony-Anhalt state election, the AfD won 38 out of 41 direct mandates, while the CDU secured none. The AfD claims a mandate to govern after their victory, but the CDU rejects a debate about Friedrich Merz.
Global EconomyClimate ChangeWeather & Natural Disasters
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The World Meteorological Organization (WMO) predicts with almost 100% certainty that El Niño will continue until February 2027. This weather phenomenon, which raises global temperatures, could intensify further and have far-reaching climatic impacts until 2027, including droughts and floods.
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The state election in Saxony-Anhalt could for the first time enable the appointment of an AfD politician as Minister-President. Political scientist Petra Dobner calls the election historic but emphasizes that the result currently applies to Saxony-Anhalt and is not directly transferable to federal politics.
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Turkey has raised its inflation forecast for the end of the year to 28.4%. The Middle East war is cited as the main reason for the adjustment, with estimated impacts of around seven percentage points on inflation.
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The AfD was successful in Saxony-Anhalt, though immigration was not the main election issue. Instead, social security, peace, and economic policy were decisive. Voters perceive the party as closer to their concerns and better at solving problems.
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