Sign into fxTrade

Don't have an account? Register now

Merkel Loses Power

Chancellor Angela Merkel’s conservatives lost power in a regional stronghold on Sunday, with early poll results showing the Greens, buoyed by Japan’s nuclear crisis, surging to their first state premiership.

In Baden-Wuerttemberg state, where anti-nuclear sentiment has been mobilised by Japan’s nuclear breakdown, the Greens and Social Democrats (SPD) were set to win 47.3 percent, eclipsing the Christian Democrats who held power there for six decades.

Merkel’s CDU and their Free Democrat coalition partners, big backers of nuclear power, won a combined 44.3 percent, according to projections at 1800 GMT in the state of 11 million people.

Reuters

Recent Articles

Posted by Staff at 7:16 am UTC, 05/24/2012
Posted by Dean Popplewell at 6:32 am UTC, 05/24/2012
Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012

Forex Insights »

Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 11:29 am UTC, 05/24/2012
Posted under USD, EUR, CHF at 9:58 am UTC, 05/24/2012
Leave a Comment

Latest Articles

Posted by Staff at 7:16 am UTC, 05/24/2012
Posted by Dean Popplewell at 6:32 am UTC, 05/24/2012
Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
Forex Rates
Interest Rates

Some of OANDA's currency tools require Adobe's Flash Player.

May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%