Earlier posts on the German and New Zealand elections (and more):
- Monday morning 25 September 2017, Forex prices — early indications
- New Zealand — Fonterra maintains its 2017/18 milk price forecast
- German election — Opposition leader Schultz harder line on Brexit
- New Zealand election update
- EUR, NZD both a touch lower after weekend elections
- More on the NZ election: «markets never like uncertainty»
In a nutshell, both incumbents (Merkel In Germany and English in New Zealand) have won the largest share of votes but have both fallen short of forming a majority government. This was not unexpected in either case.
- Merkel’s party won 32% (not as good a result for Merkel as was expected)
- Social Democrats second place on 20%
- AfD 13% (more votes for this party than were expected)
A coalition-building process will now begin, this could take weeks. Merkel is in poll position.
In New Zealand:
- English’s party won 46%
- Main opposition Labour party won 35.8%
A coalition-building process will now begin this could take weeks. English is in poll position—For more on both, check out the links above