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On July 15, German Chancellor Merz stated that he does not want the United States to interfere in German elections. Speaking at the governments summer press conference, Merz said Germany would not interfere in the US election. "Conversely, I also do not want the US government or institutions closely affiliated with the government to interfere in German elections," Merz said. He added that foreign funding to German political parties violates German law and he hopes that relevant countries will abide by German laws. State elections will be held in Saxony-Anhalt, Berlin, and Mecklenburg-Western Pomerania in September. Multiple polls show the far-right Alternative for Germany (AfD) currently leading in support in Saxony-Anhalt and Mecklenburg-Western Pomerania. "In Germany, a far-right party entering the government has a completely different meaning than a similar situation in other EU countries," Merz said. "I will do everything in my power to prevent this from happening."
Bank of Canada Governor Macklem: We will make interest rate decisions gradually.
Federal Reserve Chairman Warsh: Interest rates should be the main driver of monetary policy.
Federal Reserve Chairman Warsh: Hopes policy decisions will drive balance sheet adjustments.
Societe Generale: Raises its price target for SanDisk (SNDK.O) from $1,200 to $1,900.