Weekly Market Update 9th December 2016
POLITICAL UPSET REMAINS THE NORM
This week has been fairly routine, a couple of elections, a populist revolt and the toppling of a government, so far so ordinary. In Italy, the rejection of
constitutional reform has resulted in the resignation of prime minister Matteo Renzi – prompting calls for an early election in which the anti EU Five
Star party is expected to do well. While Italy shocked no one by reverting to its default state of political chaos, in Austria however there was something
of an upset when the far right candidate lost to a liberal pro-European. The selection of a left-leaning politician, or even half way decent human being,
is something of a novelty in 2016. Read More….