European stocks fluctuated as Chancellor Angela Merkel began coalition talks following her victory in German elections. Chinese shares and the Australian dollar rose as industrial production in the world’s second- largest economy beat estimates.
Germany’s government bonds were little changed after Angela Merkel won an endorsement from German voters that put her on course for another four years at the helm of the Europe’s largest economy.
Euro-area services growth accelerated to the fastest in more than two years in September as demand and confidence improved.
After eight years, Germans are embracing Angela Merkel as never before.
Southern Europeans are facing four more years of Angela Merkel whether they like it or not.
The euro approached a seven-month high versus the dollar after Germany’s voters put Angela Merkel on course for the biggest election win since Helmut Kohl’s 1990 post-reunification victory.
The retreat by European bears is turning into a rout as equity traders reduce bets against the region’s stocks by about $80 billion to the lowest level in at least seven years.
Polish home loans are growing at the fastest pace in a year, a sign of burgeoning consumer confidence amid speculation mortgage rates have hit bottom.
Angela Merkel’s third term, after her overwhelming election victory yesterday, is likely to force a decision on where to spend political capital: on Europe’s ills or Germany’s.
Panagiota Kalapotharakou says she’s never seen such distress in her 25 years as a lawyer at the consumer-advocacy organization she helped to set up in Athens.
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