MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Soeder Concedes To Laschet, CDU Head To Lead Union Parties In Election

GERMANY

At a press conference Bavaria Minister-President and head of the centre-right Christian Social Union (CSU) Markus Soeder confirmed the news reported earlier by Bild (see 0924BST bullet) that he is withdrawing from the race to be the centre-right Union parties' chancellor candidate in the September federal election.

  • Soeder's concession comes after the Christian Democratic Union (CDU) presidium supported their party head Laschet's nomination at a lengthy virtual meeting last night.
  • The selection of Laschet over Soeder goes against all public opinion polling, which shows the latter as far more popular than the former, as well as the CDU's youth wing, which backed Soeder.
  • As mentioned earlier, the selection of the unpopular Laschet increases the prospect of the CDU being ousted from gov't in September. A centre-left 'traffic light' coalition of the Greens, Social Democrats, and Free Democrats would be the most likely replacement for the current CDU-SPD grand coalition.
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.