German Chancellor Angela Merkel’s conservative Christian Democrats (CDU) and its junior coalition partners ceded large percentages during a regional election, while Brazil elected far-right candidate Jair Bolsonaro as its next president.
Stocks in Australia rose Monday morning, with the benchmark ASX 200 higher by 0.85 percent and most sectors trading up. The energy subindex added 0.83 percent while the heavily weighted financial sector rose 0.7 percent.
Meanwhile, futures pointed to a higher open for the Nikkei 225 in Japan. The Nikkei futures contract in Chicago was at 21,350 while its counterpart in Osaka was at 21,230. The benchmark index last closed at 21,184.60.
Investors will likely follow the latest geopolitical developments around the world.
In Brazil, far-right candidate Jair Bolsonaro was declared the next president of Latin America’s biggest country. Reports said that with 96 percent of ballots counted, Bolsonaro has 55.5 percent of the votes.
