The Trader 

Market Outlook: Voters swerve towards the extremes this weekend

The Trader

As widely expected following the landslide result in the first round of Presidential elections in Argentina, Peronist centre-left candidate Alberto Fernandez and his more famous deputy, ex-President Cristina Fernandez de Kirchner, won the second round with an estimated 48 per cent of the votes against incumbent Mauricio Macri’s 40 per cent. The latter invited the winner to breakfast today at the famous Pink Presidential Palace. Elections in the ex-DDR region of Thuringia produced another blow to Angela Merkel’s CDU who were pushed into third place. There was a big swing towards far left-wing Linke which picked up almost 30 per cent of the vote, followed by the far right AfD which doubled their tally to almost 24 per cent. Coalition partner SPD won a humiliating 8.5 per cent of votes and the Greens just 5.4 per cent.

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