24 February 2025
Weekly Market Headlines:
The German election has led to a victory for the conservative Christian Democratic Union (CDU) and Christian Social Union (CSU) party, securing over 28% of the vote. Party leader Friedrich Merz now faces the task of forming a coalition government in the coming weeks.
- The euro has made small gains against both the US dollar and the pound but further movement may be limited as political negotiations unfold.
- Tomorrow’s release of Germany’s fourth-quarter GDP data will be a key market driver, as investors look for signs of economic strength in the Eurozone’s largest economy.
- With limited UK data this week, market focus is likely to remain on political developments.
- Global leaders, including Macron and Starmer, are heading to Washington to discuss support for Ukraine, adding another layer of uncertainty to the markets.
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What’s happening this week?
EUR
- Tuesday: GDP Data
