Germany's Far-Right AfD Wins State Election Landslide | Daybreak Europe 9/7/2026

Posted on 09/07/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

The far-right Alternative for Germany scored its best-ever result in a state election on Sunday amid growing public discontent with the political establishment, delivering a powerful blow to Chancellor Friedrich Merz.

Iran and the US carried out what appeared to be their largest tit-for-tat tanker strikes yet over the weekend, pushing oil prices higher as both nations continue to escalate a six-month war that has disrupted shipping and stoked global inflation.

And speaking exclusively to Bloomberg, Jordan Bardella, head of the far-right National Rally party, set out his red lines for the battle over narrowing France’s yawning budget deficit ahead of the 2027 presidential campaign, vowing to fight any tax hike on households and business.

Today's guests: Christoph Ahlhaus, German Association of Small and Medium-Sized Businesses, Chairman; Jane Foley, Rabobank, FX Strategy Head; Marcel Fratzscher, DIW, President.



Chapters:

00:00:00 - Daybreak Europe

00:01:52 - Energy Prices Climb on US-Iran Escalation

00:04:13 - China Rejects $45 Billion Into Banks, Insurers to Boost Growth

00:08:26 - US CPI, ECB Decision, Bond Buybacks Due This Week

00:12:20 - Bardella 'Certain' to Oppose Tax Increases

00:15:17 - Bardella Wants Ukraine to Pay for Europe's Help

00:17:33 - AfD's Historic Election Victory in Saxony-Anhalt

00:20:06 - Christoph Ahlhaus, German Association of Small and Medium-Sized Businesses, Chairman

00:25:00 - UK Rules Out Jaguar Land Rover Support

00:28:13 - Energy Prices Climb on US-Iran Escalation

00:32:55 - Japan Likely Sold Treasuries to Fund Yen Intervention

00:34:27 - Jane Foley, Rabobank, FX Strategy Head

00:37:48 - Weidel: We Have a Mandate to Govern

00:40:53 - AfD Secures Record 43.8% Vote in State Election: Prelim Results

00:41:25 - Marcel Fratzscher, DIW, President

00:44:59 - Putin Orders No Strikes on Kyiv

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