German chancellor Merkel out with a couple of comments 16 Oct

  • outcome of regional election does not weaken our position in coalition talks on federal level

I guess she would say that eh ?

I reported on the Lower Saxony outcome earlier here.

Also from Merkel:

  • hoping for close co-operation with conservative election winner Kurz
  • strong showing of Austria's PPO is a challenge for other parties in Austria

And a few outside Austria too. The FPO is the anti-immigrant Freedom Party

Either way euro is recovering some poise after the early session wobble. EURUSD 1.1814, EURGBP 0.8882 EURJPY 131.98

Merkel seemingly unfazed by Lower Saxony result but plenty of work ahead