CCTV Script 23/09/13
— This is the script of CNBC's news report for China's CCTV on September 23, Monday.
Welcome to the CNBC Business Daily.
Angela Merkel sweeps to victory in a third term as German Chancellor, but her Conservative coalition falls short of an outright majority - which could mean interesting deal making in the days ahead.
[Package on tape by CNBC's Geoff Cutmore: So it's four more years for Chancellor Merkel and an historic third term. Here at the CDU party headquarters, the faithful are pleased that the German public see her still as a safe pair of hands. She has made strong gains in this election. Two other things that are notable: perhaps the FDP, the business friendly liberals, seem to have lost votes whilst that very new party, the AFD, that took an anti-European stance does appear to have made gains--significant gains ]
So is Merkel's win good for markets and what does it mean for the rest of Europe?
Here are some views from our analysts:
[Soundbyte on tape by Jorg Kramer, Chief Economist, Commerzbank: Merkel has won a big election victory, but she's lost her junior coalition partner, the Liberals. She will have to form a new coalition, probably with the opposition Social Democrats, and the Social Democrats had been in favour of debt mutualization during the election campaign.]
[Soundbyte on tape by David Kuo, CEO, Motley Fool Singapore: I think there will be a coalition required. Much as we would like to have an overall majority with Merkel at the helm, but I think unfortunately, that's not going to happen. There is going to be some horse trading going on.]
[Soundbyte on tape by Rob Aspin, Head of Equity Investment, Standard Chartered: We're overweight the developed markets and within DM, we think Europe is the best place to be. In terms of the macro, we're not anticipating that the macro will improve significantly, we're looking for marginal growth in 2014, but the key is that on the corporate side, we see value in the market. We see margins stabilising and we see earnings coming back, not so much this year, but rather in 2014. So a couple of key positives, and in terms of the markets, it's business as usual, and that's good for the markets.]
Li Sixuan from CNBC's headquarters.