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US President Donald Trump proposed renaming the state of New Mexico to "New America" on his platform Truth Social. Governor Michelle Lujan Grisham rejected the proposal, calling it a distraction.
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The Berlin House of Representatives election on September 20 could lead to a close race between the CDU and the Left Party. The SPD is expected to perform worse, weakening its negotiating position. A coalition with the Left Party is complicated by debates on antisemitism and expropriations.
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China is providing 46.1 billion Euros to state banks and insurers to strengthen their balance sheets. The funds aim to improve lending capacity and the ability to support the economy.
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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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The AfD narrowly missed an absolute majority in the state election in Saxony-Anhalt but is expected to govern. An AfD government could influence administration and justice, roll back equality policies, and alter economic and climate policies.
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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.
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