Trial now

Needle Still Points South


Yields Bounce as Equities Make New Monthly Highs


Heading North


Bull Rally Accelerates


Economists Survey Raises 2021 CPI Forecast To 4.9%

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Speaking in a press conference, head of the Christian Social Union (CSU, the Bavarian sister party of the centre-right Christian Democratic Union) Markus Soeder has stated that the SPD's Olaf Scholz has the 'best chance' of becoming Germany's next chancellor following the 26 September federal election.

  • Soeder has downplayed the prospect of the CDU/CSU returning to gov't following the grouping's record-low vote share, although given the coalition negotiations set to take place over the coming weeks there remains the possibility of the centre-right being involved in the next gov't.
  • The Bavarian minister-president is viewed as a strong contender to lead the Union parties into the next election. The CDU blocked Soeder's path to the Union nomination in April 2021, instead backing the unpopular Armin Laschet as many in the party did not want to cede the chancellery to the CSU. Given Laschet's poor peformance in the campaign, picking a popular candidate is likely to be higher up the party leadership's agenda come the next election.