Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Germany’s coalition government led by Chancellor Olaf Scholz collapsed overnight with opposition parties now calling for a non-confidence vote and new elections. The coalition broke down after Scholz, of the Social Democratic party, dismissed finance minister Christian Lindner, leader of the business-friendly Free Democrats. Scholz has said he will lead with a minority government and does not want a vote of confidence until the new year.
- A Russian drone attack on Kyiv overnight lasting eight hours stretched Ukrainian defenses as the drones came in at many angles and altitudes. The attacks were largely neutralized, although two injuries were reported from falling debris as the conflict nears the 1,000-day mark.
- The United States Federal Reserve is set to make its latest interest rate decision later today, with most analysts expecting a second-straight cut to rates. However, future moves were seen as more uncertain as economic proposals put forward by Donald Trump were seen as potentially inflationary.
