CNBC Daily Open: Germany's right wins, Ukraine's stalemate and air travel incidents
Germany's right-wing party makes historic gains, Trump's envoys make little progress in Russia or Ukraine, and air travel is disrupted across the globe.
TL;DR
- The AfD party won 44.4% of the vote in Saxony-Anhalt, a historic victory for the far-right in Germany.
- Envoy efforts to break the Ukraine stalemate with Russia failed to achieve a breakthrough.
- An Amazon cargo plane crash in Miami caused five deaths and disrupted air travel, while a volcanic eruption in Indonesia also impacted flights.
- U.S. markets were closed for Labour Day, with Friday's trading session ending negatively due to strong jobs data and Trump's continued pressure on the Federal Reserve.
- Sugar prices have significantly outperformed the stock market, surging 21.5% in August due to various production and import concerns.