The UK's vote to leave the EU has resulted in a weaker pound and less foreign investment. But domestic exporters are better off now. Berenberg Bank's Holger Schmieding takes a look at both sides of the coin.
Germany's blue-chip Dax index and the euro have pared early losses suffered after Chancellor Angela Merkel's efforts to form a coalition government failed. But political uncertainty in Europe's biggest economy remains.
Leaders in Brussels hailed the deal on a new German coalition government as good news for Europe. Martin Schulz, formerly president of the European Parliament, said Berlin would "return to an active and leading" EU role.
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