The Trader 

Market Outlook: Outsiders win again

The Trader

As opinion polls had been signalling for weeks, outspoken right-wing presidential candidate won resoundingly as 147 million voters steered clear of corruption-tainted PT which has been in power for the best part of 15 years. Support for the ruling German coalition parties, CDU and SPD, collapsed in Hesse, the region around Frankfurt, something we had witnessed earlier this month in Bavaria. Mirroring the general election result, the Green Party and Alternative for Germany picked up support from all hues. Antipathy towards ruling elites has increased over the last 2-3 years.

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