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Get up to speed with what’s moving markets

Photographer: Daniel Roland/AFP via Getty Images

Good morning. Disastrous election results for Angela Merkel, pressure on vaccines and a big week for central banks. Here’s what’s moving markets.

German Chancellor Angela Merkel's center-right bloc, shaken by discontent over Germany's slow vaccinations and a face-mask scandal, suffered its worst result ever in two regional elections. Voters in the southern state of Baden-Wuerttemberg, Germany's third-most populous, shifted towards Greens and Liberals, which could see Merkel's conservatives ejected from its ruling coalition there. With the country heading into elections this September and its chancellor preparing to hand off the reins after more than 15 years, this raises the possibility that its next leader may not be a conservative at all. Meanwhile, political attention turns to the Netherlands, which is set for three days of voting in its general election.