In a landmark move, the CDU, CSU, and SPD have reached an agreement on a new coalition contract that positions Friedrich Merz as Chancellor starting in May 2025. The contract emphasizes tax cuts, pension security, and economic strengthening, although it has been partially criticized by experts for its slow implementation. Concurrently, the trade conflict between the US and China is escalating: high tariffs are straining not only bilateral relations but also global markets, leading to a decline in the Dow Jones. Europe is also feeling the impact, as, for example, Italy has halved its growth forecast and German exports to the US could decrease by up to 15 percent. At the same time, rising energy prices are contributing to increased global inflation expectations, further exacerbated by the trade conflict. These developments highlight the significant influence of political decisions on markets worldwide.
10.04.2025