AfD storms to victory in Saxony-Anhalt

Germany’s AfD party wins a resounding election in the eastern state of Saxony-Anhalt with almost 45 per cent of the vote. Ulrich Siegmund, the candidate vying to be the state premier pledges the party will not compromise if it comes to power. Investors attempt to look beyond President Trump’s threat to cut off top trading partners if the Federal Reserve fails to cut interest rates. Markets have priced in a 60 per cent chance of a rate hike in September following August’s jobs data. Brent nears $100 a barrel as the U.S. and Iran engage in fire across the weekend. The U.S. military said it had targeted 3 Iranian oil tankers following missile launches at two American vessels.

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