German President Frank-Walter Steinmeier urged parties to return to the negotiating table and cooperate, rather than calling new elections, after coalition talks led by Chancellor Angela Merkel collapsed. Late Sunday, the Free Democrats walked out on coalition negotiations with Merkel’s Christian Democrats and the Green Party. The response of the markets was muted, as the euro bought $1.1772, down from $1.1793 late Friday in New York, and the German DAX equity benchmark was 0.2% up.
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