Column: German Greens shifting market calculus
Five months is a long time in German politics but a mould-breaking surge in support for the Green party ahead of September’s Federal election has markets crunching numbers to assess its likely role in the next ruling coalition.
Record high German stock prices, soaring EU carbon permit prices and less negative German debt yields all have other drivers amid hopes for and end to the pandemic shocks of the past 12 months. But they may also be partly feeding off the extraordinary Green Party push in the polls over recent weeks.
Investors seldom hold their breath for clarity on German election outcomes as coalitions often take months to form…