Bloomberg The leader of German Chancellor Angela Merkel’s junior coalition partner stepped down in a surprise move that puts into question the survival of the government itself. Andrea Nahles, head of the Social Democratic Party (SPD), said she will resign as chief and parliamentary caucus leader after losing the rank and file’s backing. The party suffered a devastating defeat in ...

Bloomberg If euphoria was the concern, you can stop worrying. With books now closed, the S&P 500 has formally delivered its worst May return in seven years and second-worst since the 1960s, falling 6.6 percent. For tech traders watching the Nasdaq 100, the experience was only a shade less harrowing than the crash months of October and December. Peace has ...

Bloomberg There is little on the horizon that can help the pound regain its footing as investors brace for subdued UK economic data and the risk of a euroskeptic prime minister. Sterling fell for a third month against the dollar in May and touched its weakest level since January versus the euro amid persistent market anxiety about Britain’s political upheaval ...