September 28, 2009

Nuclear Power Plant Operators Rise On German Center-Right Win

FRANKFURT (MarketWatch)

Sept. 28, 2009

German stocks and nuclear power plant operators in particular rose, while solar-related companies dropped Monday after election results indicated that a center-right coalition will be formed.

In Sunday's election, Chancellor Angela Merkel's conservative CDU/CSU bloc won 33.8% of the vote, while the pro-business Free Democratic Party (FDP) captured 14.6% of the vote, according to projections by German television ARD, allowing for the creation of a center-right coalition.

"The German market usually performs better after CDU/FDP wins," said Martin Lueck, economist at UBS, in a note to clients. "Last night's outcome should therefore be good news for the market."

Germany's center-right parties generally want to reduce taxes and create investment incentives.

tturaniuminvest !
Could this be the trigger to set the Uranium spot into an uptrend
fingers crossed that it is.

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