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。德國總理奧拉夫?朔爾茨(Olaf Scholz)在信任投票中失利后，德國正走向提前選舉。市場對此已有準備：德國股市的主要指數Dax幾乎沒有波動，德國國債收益率保持穩定。今年對民主來說是動蕩的一年。希望假期期間情況能平靜下來（看著你呢，巴西）。給我們發郵件：robert.armstrong@ft.com 和 aiden.reiter@ft.com。
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