The Trader 

Market Outlook: Another hung parliament?

The Trader

Yesterday’s general election in Italy, to form the country’s 66th government since becoming a democratic republic in 1946, looks set for another inconclusive result.  As has been the case in other recent elections, the ruling establishment parties have seen a catastrophic collapse in votes while outsiders and upstarts have garnered a lot of new supporters.  At the moment exit polls suggest the 5 Star movement, established by a comedian, is in the lead with 31 per cent of the ballot.  The right-leaning coalition headed up by veteran Silvio Berlusconi has roughly 36 per cent of the vote – not the 40 per cent needed to form a government - Northern League doing the heavy lifting with 18 per cent.   

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