Europe’s Best Developed Stock Market May Get Election Boost
A financial trader points to data displayed on computer screens at the Wiener Boerse AG stock exchange in Vienna, Austria.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Even the chance of a far-right party getting into power in Sunday’s Austrian election isn’t expected to spoil the run for investors in Europe’s best-performing developed stock market this year.
The conservative People’s Party -- the leader in opinion polls -- is expected to form a governing pact with the nationalist Freedom Party following the Oct. 15 vote. Since the latter has dropped the anti European Union-rhetoric of its past from its platform, fund managers see a partnership between the two as broadly benefiting the Austrian Traded Index.