- German state elections saw Die Linke participate, AfD win crucial seats, and Friedrich Merz lead Christian Democrats.
- German state elections are underway, showing strong support for Die Linke in Berlin and a close fight against the CDU.
- The Left Party defeated Merz's party in Berlin state elections, while Merz also made controversial remarks about Jewish safety in Germany.
Deutsche Bank CEO warns political risk after Left Party wins Berlin election
What happened
Christian Sewing, Chief Executive Officer of Deutsche Bank, warned that the Left Party's victory in the Berlin city election, along with gains by the AfD in eastern Germany, risks deterring foreign investors. He noted that the rise of parties on the political extremes poses a significant risk to Germany.
From investinglive.com
Why it matters
While the DAX is unlikely to move on its own because state governments do not set federal economic policy, the Left Party's expropriation pledge in Berlin adds headline risk to listed landlords with large holdings in the capital. A perception of rising political risk could add to the discount investors already apply to German assets.
German state elections are underway, showing strong support for the Left Party in Berlin and a close fight against the CDU.
From investinglive.com
Who's involved
- Christian SewingChief Executive Officer of Deutsche Bank
- Left PartyWon the city election in Berlin
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The entities involved
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Left Party
Hungarian political party
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Deutsche Bank
German global banking and financial services company
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Christian Sewing
German bank manager
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