On Sunday, German voters will head to the polls as Germany holds its federal election.
On Sunday, German voters will head to the polls as Germany holds its federal election. This election will determine whether Chancellor, Angela Merkel, will win a 4th term as leader of Europe's largest economy or if the socialist democrat, Martin Schulz, will take power.
What does this mean for the markets?
Financial and political commentators strongly believe that Merkel will win the vote. However, in recent elections the speculation polls have been incorrect and the underdog has won! As a result, this election will likely increase the market volatility in the Eurozone as Germany is considered a powerhouse, contributing approximately 21% of the total GDP.
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*When there is a lot of volatility expected it is advisable to put in a stop loss on all your trades.