German shares gain after Merz's conservatives win national election By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Source: Investing.com
European Market Reaction: European shares remained mostly unchanged, with Germany's index rising 0.4% following the expected victory of Friedrich Merz-led conservatives in the national election, while the pan-European STOXX 600 index fell 0.1% due to declining metal prices.
Sector Performance and Developments: Defence stocks saw gains after the election results, but Siemens Energy dropped 11%. Additionally, Saipem announced a merger with Subsea 7 valued at approximately $4.63 billion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
