Merz ‘failure in the first ballot burdened dax
The Breaks for CDU boss Friedrich Merz in the chancellor election also triggered a reset on the stock market on Tuesday. The DAX slipped into the minus shortly after the start and strengthened this movement after the Merz bankruptcy in the first ballot. Most recently, the leading index lost 1.1 percent to 23,084 points. The EuroStoxx 50 also slipped into the minus at 0.7 percent.
Merz received 310 out of 621 votes in a secret vote and thus 6 less than the necessary majority of 316. The non-election of Merz caused uncertainty among investors, since his extensive investment projects in armaments and infrastructure had finally been considered an important driver that the DAX could get closer to the record level again. In March, the historical financial package had given the DAX its previous record in the first reactions before the customs conflicts stipulated by US President Donald Trump had stated.
It is a novelty: After a federal election and successful coalition negotiations, a designated Chancellor failed in the election in the Bundestag. If Merz gains the impression that he could be more successful in a second ballot than in the first, there may be further electoral courses within a two -week period. Only then will the requirements be reduced in the next step, so that the simple majority is enough for the choice.
On Tuesday, a symbol of the uncertainty was also the shares from the armaments sector, in which investors went on to take profits with them. Rheinmetall recently lost 2.4 percent in the DAX coming from the record level. Renk and Hensoldt dropped by up to 3.1 percent in the MDAX.
