Good morning. Germany is heading for early elections after Chancellor Olaf Scholz lost a vote of confidence. The market was prepared: Germany’s main stock index, the Dax, barely moved and Bund yields were steady. It has been a wild year for democracy. Let’s hope things calm down over the holidays (looking at you, Brazil). Email us: robert.armstrong@ft.com and aiden.reiter@ft.com.
早上好。德国总理奥拉夫•朔尔茨(Olaf Scholz)在信任投票中失利后，德国正走向提前选举。市场对此已有准备：德国股市的主要指数Dax几乎没有波动，德国国债收益率保持稳定。今年对民主来说是动荡的一年。希望假期期间情况能平静下来（看着你呢，巴西）。给我们发邮件：robert.armstrong@ft.com 和 aiden.reiter@ft.com。
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