The Latest Breaking News from Olaf Scholz

The political breakdown follows sacking of the finance minister

Joerg Kukies, Germany's new finance minister, is a former investment banker who has long been one of Chancellor Olaf Scholz's closest advisers, most recently as a state secretary.

December S&P 500 E-Mini futures (ESZ24) are up +0.11%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.18% this morning, maintaining their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

Germany is bracing for political upheaval, with Chancellor Olaf Scholz set to govern in a weakened position after firing his finance minister in a dramatic collapse of his coalition. Scholz now faces a critical confidence vote in January, which could force snap elections by March and leave Europe’s largest economy…

European leaders gather in Budapest to address U.S. election impact on trans-Atlantic relations and potential policy shifts under Trump's second term.

December S&P 500 E-Mini futures (ESZ24) are up +0.18%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.22% this morning, extending their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

German opposition leader Friedrich Merz opposes timetable laid out by chancellor in news conference

German Chancellor Scholz faces coalition crisis after firing Finance Minister Lindner, leading to resignations and potential early election.

Germany enters a period of political uncertainty Thursday after its fragile three-party ruling coalition collapsed on the same day Donald Trump won the US election.