The center-left Social Democratic Party (SPD) has clinched narrow victory over the conservatives who suffered their worst-ever performance in the German federal election.
The SPD captured 25.7 per cent votes, its best result in years, while the CDU/CSU conservative alliance fell to a record low of 24.1 per cent after ruling the country in four consecutive terms under the leadership of outgoing Chancellor Angela Merkel.
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Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.