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….