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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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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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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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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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The CDU lost over 19 percentage points in Saxony-Anhalt, achieving only 17.2 percent of the vote. Chancellor Friedrich Merz (CDU) is under pressure following this election defeat.
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The AfD emerged as the strongest party in Saxony-Anhalt with 43.8 percent of the votes. The CDU came in second place with 17.2 percent.
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The convicted war criminal Ratko Mladić is to be buried in Belgrade with state honors. EU Enlargement Commissioner Dubravka Šuica subsequently canceled a planned trip to Serbia.
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