A change in government: SPD narrowly beats CDU

Merkel’s successor’s task is to lead Europe’s foremost economy. Trade EUR, Germany 40 and German stock volatility.


Get live market commentary & analysis on the German election

As Angela Merkel finally steps down to make way for a new Chancellor, traders and investors are looking for signs of fresh volatility in the markets arising from the various scenarios in play:

  • If the Greens get in, renewable energy and electric vehicle sectors could get a boost
  • If the CDU win, shares in German manufacturing and exports could see a spike to the upside
  • Follow the election LIVE with our real-time market commentary and trading ideas
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  • Who is Olaf Scholz? A look at the Social Democratic Party leader

    Germany went to the polls to vote in its new parliament on September 26, narrowly securing a win for the Social Democratic Party. This means the party's leader, Olaf Scholz, could be the new German Chancellor. Now we wait to see if he can form a coalition and take his seat. So, who is Scholz and what could Germany look like with him in charge?

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Useful links

DAX 40 index trading guide
Discover more about what moves the DAX 40 price. 

How to trade the German election
Learn how to trade the next election with our huge range of markets. 

How will German election impact the euro?
Three scenarios to watch. 

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