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Angela Merkel Bombshell Shocks Europe, But Rallies In Banks, Autos Lead Stock Surge
Monday is shaping up to be a banner day for European shares despite a political bombshell in Germany.
Following CDU's worst showing since the 1960s in Sunday's Hesse state elections, Angela Merkel told the party committee that she doesn't intend to run for another term as head. For their part, SPD logged its worst showing in the state since 1946, barely edging out the Greens. Long story short, the results betray considerable voter consternation at the performance of the federal governmen
