Benzinga | Sep 23, 2013 09:53AM ET
Angela Merkel and her conservative party won German elections on Sunday, but she will not have an absolute majority in Germany’s lower house of parliament. Her junior coalition partner, the Christian Democratic Union fell short, leaving Merkel to find a new leftist partner.
Top News
In other news around the markets:
Asian Markets
Asian markets were mixed on Monday. China’s upbeat PMI data gave the country’s markets a boost. The Shanghai composite was up 1.33 percent and the Shenzhen composite gained 2.09 percent. Australia’s ASX 200 lost 0.46 percent and Indonesia’s JSX composite was down 1.10 percent.
European Markets
European markets were down across the board on Monday. The UK’s FTSE was down 0.29 percent and the eurozone’s STOXX 600 lost 0.15 percent. The Spanish IBEX lost 0.33 percent and the German DAX was down 0.17 percent.
Commodities
Brent futures for November delivery were down 0.24 percent and WTI futures for November delivery were down 0.20 percent. Gold was down 0.33 percent and silver lost 0.74 percent. Industrial metals were also down across the board, copper lost 0.93 percent and aluminum lost 1.59 percent.
Currencies
The euro continued to trade above $1.35 on Monday, but the pound gained 0.25 percent against the dollar. The yen gained 0.38 percent against the dollar and the Australian dollar was up 0.30 percent against the greenback.
Earnings
Earnings
Earnings reports expected on Monday include:
Economics
PMI data dominates Monday’s economic calendar, with releases from China, the eurozone, the US, Germany and France.
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