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"Relief For Europe": Wall Street Analysts React To The Dutch Election

"Relief For Europe": Wall Street Analysts React To The Dutch Election

While some were worried about an "unexpected outcome" from yesterday's Dutch general election, in the end the country's center-right Prime Minister Mark Rutte managed to fight off the challenge of anti-Islam, anti-EU rival Geert Wilders to score an election victory that was hailed across Europe on Thursday by governments facing a rising wave of nationalism.

Global Stocks Soar To Record Highs On "Dovish" Fed, Dutch Vote

Global Stocks Soar To Record Highs On "Dovish" Fed, Dutch Vote

World stock indexes soared to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signaled no pick-up in the pace of tightening. European and Asian were broadly higher this morning, with S&P tagging along, driven by two main events: the latest "dovish" Fed rate hike, and the Dutch election results, in which Geert Wilders performed worse than some expected, reducing concerns of Eurozone political risk, and broadly seen as a sign of support for Europe's establishment.

Bill Blain On This Morning's European Euphoria

From today's "Morning Porridge" by Bill Blain of Mint Partners

Mint – Blain’s Morning Porridge – March 16th 2017

What a fascinating world of possibilities opened up y’day, but let’s start with a simple game. Without thinking about it too much; name 5 famous European politicians of the last 30 years.

I bet none of them were Dutch.

Why? It’s a great country with a functional consensual political system biased towards compromise and coalition. Generally it works. The country works.

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